Susan

Goldman and Morgan Stanley: Banks of Choice - Barron's

GS was one of the biggest beneficiaries (if not the biggest) of the latest TARP money to AIG to cover CDS implosion liabilities.

Does anyone know the remaining numbers of GS exposure to CDSs vs the cash infusion they just got via AIG?

Essentially, betting on GS is a bet that the CDS bleeding is now under control. AIG is being 'saved' in order to save its insured counter-parties.

Black Swans, Real Estate and Financial Stocks

Mr Taleb's is a great thinker/writer.
His main issue is lack of numbers in his arguments.