Goldman Sachs and those that shall not be named

As the U.S. and world economies continue to struggle and falter, Goldman Sachs is back to making big money. This weekend, several stories came out about the Wall Street behemoth:

All of these stories discuss how Goldman Sachs has returned to making money. And all of them refused to mention two important names – former U.S. Secretary Henry Paulson (A former Goldman Sachs CEO who led the original TARP bailout) and current U.S. Treasury Secretary Tim Geithner (former resident of the New York Fed and noted Goldman Sachs enabler).

Yes, Goldman Sachs is back and two of its biggest fans helped it get there. But to business writers, Paulson and Geithner are not even part of the story.

Of course, the radical Matt Taibbi was unafraid to name names, but don’t worry, according to the Business Insider, Taibbi’s work is “a joke.”

Read Taibbi’s Rolling Stone piece on Goldman Sachs here and decide what the joke is yourself.

Update: As is his wont, Glennzilla gives a more-detailed look at how the Paulson/Geithner connection was left out of these Goldman Sachs stories.

–WKW

Save