Around the Web: Goldman Sachs’s Earnings Surge Falls Short of Record (Update1 … The Goldman Sachs ‘Casino’ Interest rate swap – Wikipedia, the free encyclopedia Goldman Sachs, Citigroup got swine flu vaccine Goldman Sachs Taps Backer to Lead Prime-Brokerage Sales

New York Times : The president, then, having failed to exploit his early opportunities, is pinned down in his too-small beachhead. If the Democrats lose badly in the midterms, the talking heads will say that Mr. Obama tried to do too much, this is a center-right nation, and so on

Google CEO Eric Schmidt sat down with Neil Cavut on Fox Business Network for an extensive interview that probed Schmidt’s take on everything from Google to Twitter, Obama to bankers. See what Schmidt has to say about Microsoft (“Hopefully we won’t repeat the mistakes that Microsoft made 10 years ago that ultimately led to all these things that happened to them”), Google’s hunger for content, and what he thinks about Twitter — as well as his take on health care reform, the “demonization” of CEOs, and his discussions with Obama about serving in his administration. WATCH:


 
 AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company’s bailout by the government last year. American International Group Inc. also got a lift from the increasing value of investments it still holds that soured last year and helped drive it to the brink of collapse.

“Wall Street will remain a big, important part of our economy, just as it was in the ’70s and the ’80s. It just won’t be half of our economy….We don’t want every single college grad with mathematical aptitude to become a derivatives trader.” — President Obama, May 2, 2009. It’s time to face up to the essential feature of the Billionaire Bailout Society: It’s not a shared society