My take: the doomsday scenario that was presented to us in September and October of last year was worse than the reality. Bernanke and Paulson are now talking about their rationale leading up to the Great Panic. They were playing a political game too. A calculation of how much they had to scare the shit out of the country to quickly get the large sum of money they felt they needed to avoid a meltdown.
If Goldman and other banks can report record profits 8 months out from the end of the world then something doesn’t add up. We need to figure out who lied and when. The politics are even more important. If this isn’t rectified by the 2010 mid term elections there will be a large price to pay.
Tags: goldman sachs, goldman sucks