Goldman gets away with it, again

I hope everyone who reads my posts already understands that the real beneficiary of the AIG bailout was Goldman Sachs. In brief, Goldman made money underwriting mortgage investments that it sold to various pension funds. Goldman suspected that the investments were doomed, and leveraged a whole lot of money to make bets against the very investments it was underwriting and selling.

When the mortgage industry collapsed, Goldman won very very big. They were right to bet against the investment...