HERE THEY COME TO SAVE THE DAY

NYT Dealbook--Now that Goldman is minting money again, the bank insists that it was never in any real danger. Mr. Blankfein, in an e-mail message this week, disputed his private account, saying Goldman’s survival was never in doubt. Other Goldman executives reject the notion that the bank was rescued at all.

WB7: Lets set the record straight. Here is what really happened. In the Summer of 2008, Goldman Sachs executives became shocked and appalled that its peers on Wall Street created a giant mountain of toxic asset shit that threatened to topple the entire global financial system. They had a pretty good idea because they had manufactured and were sitting on a 12 billion dollar pile of AIG co-branded toxic derivative shit. Citizen Blankfein immediately alerted his Kapitalist Komrad and former colleague Hank "Moron Hazard" Paulsen and informed him that he had better get the emergency bailout juices flowing just in case an orderly Lehman failure gets out of control. Following the Lehman collapse, Blankfein knew his Wall Street peers were in deep mortal danger so he induced Hank to go along with the AIG Hail Mary bailout. Goldman in effect saved the free world and was rewarded for its good corporate citizenry with a fake "Bank Holding Company license and a 100% mulligan on its minor indiscretions at AIG.

"Here they come to save the day."

Sing along: http://www.youtube.com/watch?v=C570byQCLpI

Mr. Paulsen likes to hang around
When he hears this Mighty sound.

"Here they come to save the day"

That means that Goldman trading house is on its way.
Yes sir, when there is a wrong to right
Goldman House will join the fight.
On the bailout seas or in the subprime quick sand,
They got their trading situation well in hand.