The Goldman Sachs bank is raking in the dough. Just goes to show what hard work, brilliant thinking, federal loans, Fed favoritism, and owning two Treasury secretaries in a row can do for you.

UPDATE from Don:

Goldman Sachs has “unmatched risk-taking/risk-management skills in a market that strongly rewards these because of a decline in competitor risk appetite,” Moszkowski wrote in a note to investors.

Interesting quote: how much easier it is to take on extreme risks with the government back you, no? I’m sure there was no pressure on Whitney the analyst to give it a buy rec too, don’t you agree?

The Best of Llewellyn H. Rockwell, Jr.