Warren Buffett believes that there was nothing illegal about Goldman’s actions when handling Abacus. He believes that if due diligence was really done, there would be no reason for this investigation or frivolous lawsuits because you would never have invested in the fund. Many investors support Buffett’s thinking not only because it makes sense, but mainly because they don’t care and aren’t affected.

The US attorney’s began it’s criminal investigation two weeks after the Securities and Exchange Commission (SEC) hit the company with a $14bn fraud charge. “Given the recent focus on the firm, we are not surprised by the report of an inquiry,” a Goldman spokesperson said. “We would fully cooperate with any requests for information.” Bank of America cut its rating on Goldman’s shares from buy to neutral following reports of the criminal investigation.

Goldman Sachs (NYSE: GS) closed at $148 a share today, down almost $40 this past month.

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