After suprising analysts with their first quarter earnings of $1.8bn, Goldman’s today announced a profit of $3.44bn for the April – June period. Their share price has risen by 75% this year.

Financial crisis? What financial crisis?!

William Smith, chief executive of Smith Asset Management, said that Goldmans should be “Celebrated, not demonised”.

While it is admirable that they continue to make ridiculous sums of money in times of such economic hardship, the ‘everyman’ holds the banks to blame for the credit crunch, and this news is unlikely to go down well.