The whirlwind media tour continues apace this morning, with a discussion with Dylan Ratigan & Co. on MSNBC’s Morning Meeting about Goldman Sachs earnings at about 9:10am.
Goldman’s profits were an astounding 3.44 billion dollars — $4.93 share — far surpassing the $3.65 consensus; For details, see this Bloomberg article, Goldman Sachs Posts Record Profit, Beating Estimates on Trading.
A few things worth thinking about:
• Goldman Sachs got $13-billion in bailout payments via AIG
• That was after Goldman squeezed AIG for $5.9 billion before the bailout (Oh, and Goldman execs dumped $700m of stock as Lehman collapsed).
• Salon’s Glenn Greenwald has the full timeline of all the events preceding Goldman Sachs’ new “blowout profits”
What's been said:Discussions found on the web: