I weep for this country.

BlackRock: Goldman's Q1 Profit Non-Recurring and a Result of AIG Unwinds

I disagree. I think GS were pretty brillant here. They got their buddies in the Fed and Congress to destroy AIG and use it both as a scapegoat and flow through vehicle to cover all of their CDO exposure 100 cents on the dollar. On the eve of the public finding out just where all of those billions went, the media and the government went completely ape sh#t over 125 million dollars in bonuses paid to AIG employees recruited to unwind the CDOS and of which the government intented on paying from the beginning. All the while escaping the ferovor was the bonuses paid to Merrill, Citi, Fannie and Freddie. And the public bought it, the fervor was all about those bonuses not why was GS completely bailed and paid out 100%. Just Brillant!