Is Goldman Sachs Manipulating Results for Political Gain

The worst thing that Goldman Sachs could do right now is report huge profits.  With a little accounting sleight of hand these large banks can easily recognize gains or losses when it suits them, especially quarter to quarter.  I think the more important number is how they are doing for the year.  And clearly they are not hurting with net earnings of $8,354,000,000 for the quarter ending December 31, 2010, $2,735,000,000 for the quarter ending March 31, 2011 and $1,087,000,000 for the latest quarter ending June 30, 2011!   I would not put it past this PR beaten down firm to do anything it can to make itself appear a victim—food for thought!  I think we would all be naive if we thought these big banks wouldn't manipulate results to score political points!  Let's look at the annual numbers to see where they really stand before shedding tears.  Soon Goldman will be crying that Dodd-Frank is killing them.  It's bullshit!  See here and here for more.