Charlie Gasparino on Goldman Sachs

CNBC’s Charlie Gasparino thinks Goldman Sachs should stop calling itself a commercial bank.  According to him Goldman is simply ‘a big  hedge fund’. He goes on to say: “..if you think Goldman is too smart to implode, they bought $13 billion worth of CDOs from Merrill Lynch sometime in 2004-2005 that were basically insured by AIG. Merrill Lynch sold them this garbage, so they actually did buy stuff that’s not good, they can’t be all that smart….if they are that smart we shouldn’t be protecting them.”