It’s all working out fine for GS, though. Just off the wire:
NEW YORK/SINGAPORE, April 14 (Reuters) - Goldman Sachs’ (GS.N) first-quarter profit beat forecasts, a further sign that the worst may be over for financial firms in the eye of the storm, but Singapore devalued its currency after a record GDP fall.
Banking shares in Asia rose on optimism about the U.S. financial sector after Goldman’s earnings while markets such as Hong Kong and Australia also climbed as they played catch up after the Easter holiday. [MKTS/GLOB]
Although I believe Goldman also got some "extra" bailout money indirectly via AIG. When I see the DJIA going up, I wonder what will happen when the trillions in bailouts stop.