Citi was the poster boy of the bad bank during the crisis. Goldman looked like the strongest bank at the time. This graph shows that the CDS market perceives greater risk of a Goldman default than a default by Citi. Goldman's reputation, which was once worth a fortune, has been shattered by revelations about its sale of securities, that it knew to be at risk, to its customers. It has also been revealed that Goldman borrowed $30 billion from the Fed discount window during the crisis. At the time Goldman claimed that it was fully hedged and did not need a bailout. Customers have also filed lawsuits against Goldman and the government has information which many believe to be evidence of fraud.
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