Charlie Gasparino actually seems as if he reads this blog. As readers know, I have stated many times that Goldman is nothing but a gigantic, taxpayer guaranteed, government protected hedge fund. They have taken more risk than any large financial institution in this country, nearly failed but for a massive government bailout, and have benefitted multiple times from government assistance: ranging from expedited bank charters, government guarantees on their debt, ZIRP, TARP, open access to the discount window (without being a bank), and 100% payout on 50% devalued assets that they voluntarily purchased from Merrill and voluntarily insured with a soon to be insolvent counteryparty.
Despite all of this, they are actually being lauded as supermen! Hey, give me $95 billion of cash, guarantees, impunity and immunity from prosecution and associated assistance and I'll blow my quarterly numbers out as well. What's to prevent me from maxing out risk when I know I keep the rewards and the taxpayer keeps the losses????
And to add ignorance to injury, we have the Goldman Premium!
Notice how Charlie is warned, then rushed off of the screen.