Editor's Note: I decided to update this post with a piece from Karl Denninger. But I first saw the information below in emails to me, but I could not verify. It looks like Zero Hedge has verified and they have the full interview online.
BlackRock Confirms Goldman Q1 Profit Was Non-Recurring And A Result Of AIG Unwinds from Zero Hedge
Peter Fisher, managing director of BlackRock (yes, that BlackRock), states in a Bloomberg interview that Goldman's first quarter trading profit is non-recurring in nature, and believes it was mostly due to AIG unwinds.
Additional comments and link to interview - http://zerohedge.blogspot.com/2009/04/blackrock-confirms-goldman-q1-profit.html
Editor's Note: Here's where it also gets interesting. Read this closing piece in Karl's post and then click on his link to read his full analysis.
IT APPEARS GOLDMAN GOT PAID TWICE FOR THE SAME RISK AND THE SECOND PAYMENT CAME STRAIGHT OUT OF THE TAXPAYER'S HIDE.
If so, that transfer payment was improper as Goldman had already collected on the bet and thus must be clawed back. - Emphasis in original!
Read full article: Click Here
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