Here's a Gilded Frame for that Lovely Picture They've Created...
In the year since the crash, Goldman Sachs has been very busy, as you would expect of the financial giant. The company has paid back its TARP loan (with interest!) and, after some haggling , paid the full amount the fed wanted for its warrants (good citizenship!) And it's been very clear that it never needed the $12 bil that it got from AIG via the feds. Apparently, according to Gary Cohn, Goldman president, Goldman didn't need any of the extraordinary financial interventions it received in the last year. He's quoted in a NY Times story last August: "'We did not have a near-death experience,' said Gary D. Cohn, Goldman’s president. The government saved the financial industry as a whole, but it did not save Goldman Sachs, he said." And Goldman has also stated publicly that it has not changed the way it does business, and in fact, has profited hugely by the current business climate , the climate that seems quite chilly and foreboding to so man...