Zero Hedge: Full Frontal on Goldman Sachs:
“The CEO of GS knows full well that the “full market support mode” will last only so long, and once it breaks and the floor out of the 666 S&P drops, the public will again demand blood (or Trueblood for all you vampire squid fans out there).
However, unlike before when the rating agencies were the most easy and direct populist target for the next round of rancor, Goldman is edging perilously close to becoming the strawman for the upcoming Congressional lynching campaign, and depending on the depth of the market collapse, the repercussions for Goldman could well be far more dire than a wrist slap on C-SPAN. This is especially true as everyone realizes that both Citi and BofA are merely puppet banks of the state, and while JPM is probably as much as symbol of Wall Street as Goldman, JPM is also much more of a real bank, while Goldman is simply the biggest state-backstopped hedge fund in the world (and thus, by implications, speculator) and thus, expendable in the grand scheme of things (at least from the administration’s point of view if push really came to shove).”
Worth watching:
- Max Keiser interviewed on Goldman Sachs