Goldman Sachs just can't get out of the cross hairs when it comes to its earnings. People are still worked up over its big second quarter--they're either applauding or booing or just scratching their heads. Several members of Congress would like some answers to some pointed questions.

The New York Post reports that Reps. Alan Grayson, (D-Fla.), Ron Paul (R-Texas), Maxine Waters (D-Calif.) and Walter B. Jones (R-NC), have delivered a letter to the Federal Reserve, asking it to "explain why it granted a special exemption allowing Goldman to take on more risk over the past few quarters."

In their minds, the banks took taxpayer money and then used it to boost risky activity to make more money. This at a time when less risk might have been warranted. But most of the risk was assumed via trades for others--market making in liquid markets. I'm not sure this will go anywhere. Now, if Goldman had posted a big loss, things might have been different.

For more:
- here's the article

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