BTW, will we ever see real solutions being discussed by Congress?
Goldman Sachs: Spinning GoldRead the rest here
by Janet Tavakoli
Goldman Sachs claims great risk management skills, while it shirks responsibility for its role in the near collapse of the U.S. economy. The former is a myth, and the latter is a dodge.  As taxpayer wealth was destroyed, Goldman exploited the financial crisis it helped cause, while the U.S. was (and remains) at war.
Goldman Sachs released its 2009 annual report today showing it made net revenues of $45.17 billion with net earnings of $13.39 billion. In its shareholder letter, Goldman says it repaid TARP money, but did not mention the massive new taxpayer subsidies it continues to enjoy.
"Goldman did not and does not operate or manage our risk with any expectation of outside assistance."
Yet due to the influence of highly placed Goldman Sachs former officers, Goldman received--and continues to receive--enormous assistance from taxpayers.
Goldman cleaned up at the expense of average citizens. For example, hard-working U.S. taxpayers bailed out Goldman Sachs, Goldman's trading partners, and AIG. Goldman grabbed new status as a financial holding company, FDIC debt guarantees, access to near zero-cost taxpayer-subsidized borrowing, new lax accounting standards, and more. Now Goldman is making a killing as the Federal Reserve keeps interest rates near zero. Goldman reaped windfall profits to replenish its capital, and paid bonuses of over $16 billion to its employees.