This article was originally published on RealMoney on Thursday, April 9. For a free trial to RealMoney, click here.Did Goldman Sachs ( GS) really make out like a bandit on the AIG ( AIG) bailout, as has endlessly been reported by the media? Lately there has been so much misguided and reckless commentary about AIG being a "backdoor bailout" of Goldman and other firms that I feel the need to add my two cents' worth. As most readers know, I am a proud Goldman alumnus, so I will save the "Goldman taking over the world" conspiracy theorists some time: If you believe in that nonsense, you can stop reading now, though I believe you are doing yourself a disservice by ignoring the actual story. I believe I have proven that I speak my own mind on enough topics that maybe we can invest the time to explore this situation a little further, speak about facts a little more accurately and not jump to conclusions based on a sound bite.
Know What You Own: In midday trading on Thursday, the most active stocks included Bank of America ( BAC), Citigroup ( C), Wells Fargo ( WFC), the Financial Bull 3X ( FAS), the SPY Depositary Receipts ( SPY), the Financial Select SPDR ( NYSE) and Ford Motor ( F).