via Paul Kedrosky (click to enlarge)
I guess the disputed $175 million in deferred compensation payments should be on here as well, though the line would be too infinitesimally thin to draw. The CDS stuff gets the attention, but the securities guarantees are the largest flow. Are these guarantees of traded securities, like bonds and equities? If so, it sure is a happy notion for all of us taxpayers with portfolios that are well under water that we are going to send some of our money to help bail out the losses in the Goldman Sachs portfolio.