Why the Goldman entity sold for 1.00The Goldman entity may be winding up ; to realize a tax loss whose value could be significant; there were no buyers above zero considering the termination costs to oust current management ; PPR ,s loan will not be extended and in Goldman.s estimation the equity is worth zero ; Goldman plan to buy the debt from the bank at a discount and that gives them a bite at all the equity if put in receivership. Any or all of the above COULD be true but it is pure speculation on my part.