Even investors are now starting to distance themselves from Goldman Sachs:

After reports on Thursday evening that federal prosecutors had opened an investigation into trading at Goldman, raising the possibility of criminal charges against the Wall Street giant, the firm’s stock was downgraded on Friday by two analysts. Standard & Poor’s lowered its rating from hold to sell, and Bank of America Merrill Lynch dropped its rating from buy to neutral, citing the mounting investigations.

Investors responded by sending the stock down 9 percent in midday trading, to $145.89, contributing to an overall decline in financial shares on Wall Street.

   Well, why would you have confidence in a company after it is charged by the SEC, showed its leadership to be entirely unrepentant for its behavor and, indeed, now is in the crosshairs of the feds?