Goldman Sachs owes much of its success to being on the winning side of controversial deals but it will be a while before it becomes clear whether its role in the Northern Rock affair will be judged a success or failure.
The decision last week by UK Prime Minister Gordon Brown to nationalise the stricken UK lender was taken on Goldman Sachsâ advice, according to the UK Treasury, which Goldman Sachs advised along with the Financial Services Authority and the Government.
