"Goldman's many hats – trader, adviser, underwriter, matchmaker of buyers and sellers, and salesperson – has left some clients feeling bruised or so wary that they have sometimes avoided doing business with the bank." –

Goldman Sachs is giving us back our $10 billion in TARP money today. $10 billion that they borrowed needlessly, for reasons unknown (oh right BECAUSE THEY COULD), and made into much much much more money while they had it. It was a good deal for them! Morgan Stanley is also said to be giving back $10 billion today as well. (Ha, good timing, since the Senate will probably pass the $106 billion war funding bill today.) Anyway, also hilariously, Goldman Sachs semi-apologized for helping create "the market euphoria," and that is one way of describing what took our economy down. (They have not yet apologized for laying off [...]

Idiot AIG, who-do I really need to do a descriptor here? I mean, you already know that they insured everything and everyone and then unsurprisingly got hosed on every deal-"lost $8.87 billion in the fourth quarter." According to the AP, "Investors weren't happy with AIG's news, and bid its stock down nearly 13 percent in"-I'm sorry, their what now? Someone still buys AIG stock besides AIG?

Not only did Eliot Spitzer screw New York by leaving it in the hands of his incompetent lieutenant, he screwed the entire worldwide financial system by investigating AIG. Or so says CNBC's Charles Gasparino, who argues that the then-attorney general's probe into the insurance giant's accounting practices so discomfited the firm's leadership that they HAD NO CHOICE but to go deep into risky credit default swaps.

Ooh, here is a good place to start understanding how the AIG Financial Products group tried to destroy the world. It is geared for slow people such as myself! Yay!