Pain

I was on two TV programs talking about Goldman today. That’s actually a first.  Of course it’s always nice to asked to speak about finance away from Credit Writedowns and I will provide you with the videos and some commentary later tonight or tomorrow.

But, I was thinking as I walked away from the studio: you know they aren’t asking me to get on their show because I’m all happy and going to spin a tale of endless joy and hope for everyone. I mean, I try to look at things objectively and talk about the upside when I see some upside. But, come on, I know and you know that Credit Writedowns is not where you want to go if you’re looking for the Bubblevision story of V-shaped recoveries and endless economic boom.

So, the more you see me on TV, the more worried you should be about where we are headed.

Here’s a video that gives you the gist.

crisisEuropeGoldman SachsGreecerecovery