The Goldman Trough

I must say, it sure pays to have the Secretary of Treasury working for you and your partners instead of for the citizens or the good of the whole.

I just finished reading Goldman Sach’s latest Form 10-k annual report. As of the end of November 2008, they had cash and cash equivalents of $122 billion.

Let’s see what they file for the 1st quarter. As the largest beneficiary of the AIG bailouts, it will be interesting to tally Goldman bonuses and cash hoards.

See “The AIG Public Relations Faisco Continues: Bonuses and Backdoor Bailouts” and Elliot Spitzer’s latest, “The Real AIG Scandal.”