Goldman reviews 2009 experience in a letter to shareholders

Goldman-SachsControversial financial company, Goldman Sachs has revealed all about its experiences during 2009 in its letter to the shareholders. The letter was published on Wednesday where the firm has talked about the controversies that it went through in 2009.

The letter is a rare one since the firm has tried to justify all the stands the company took during the financial crisis. It has clearly denied that it did any kind of double-dealings against the investors who bought its sub-prime mortgage securities.

With the annual meeting expected to start on May 7, the company is trying to relieve its investors. It has come up with an eight-page note which has tried to show Goldman Sachs' view.

The letter is the opening of its annual report where it has shown that the financials of the company have started to do well.

The letter has also explained the firm's relationship with American International Group Inc (AIG). A whole one page has been given to AIG since it has been the biggest beleaguered customer of Goldman.

J. P. Morgan Chase & Co. has also come up with a statement from its head, James Dimon where it has tried to justify its actions.