Though Goldman likes to downplay its own vulnerability during the financial meltdown last fall, its CDS levels provided by CMA DataVision paint a different picture. They also show just how far the company has come since the government pledged to support the big Wall Street banks through TARP and the FDIC bank debt guarantee program.
Tuesday’s earnings, especially its record FICC net revenues, show that the bank is standing firmly on its two feet, but let’s not forget how it got there.
I
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