CHART OF THE DAY: Goldman Is Now A Bigger Credit Risk Than Citigroup

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This chart is getting a lot of buzz today, and the lesson is obvious…

Thanks to ongoing legal and reputational concerns, the CDS market suggests that Goldman is now a bigger credit risk than Citigroup — once the poster child of a “bad bank.”

Among other things, the company is waiting for a subpoena, and just got trashed by Matt Taibbi.