The diverging figures, which do not change Goldman’s overall results for 2008, are because of the fact that, like many rivals, the bank did not provide a full breakdown of profits and losses from activities carried out with its own resources.
Interesting, $5 billion of losses goes unreported, yet there was no change to the years results. I wish I could lie about $5 billion of losses that didn't allegedly exist, make them disappear again after I come clean, then have the media applaud me for my honesty - all at the taxpayers expense as I bonus myself into that new 63 foot Azimut. You know, the one that doesn't come with the hot international girls with w 6 pack license and bikinis. Hey taxpayers, its your money that bonused these boats!!! Italy has a pipeline straight to the American taxpayers wallet through the Goldman bonus pool.
Okay, let's finish excerpting the aticle...
The revelation of the 2008 loss on its investments supports Goldman’s argument that it did not profit from the crisis.
I, for one, never claimed they profited from the crisis. To the contrary, I claimed that they lost, big time! This statement seems awfully conciliatory from the main stream media. I know you guys can't (or won't) get as rough around the edges as I do, but come on fellas. 'nuff brown nosing.