Jon Stewart provided a breather today from a day full of Herman Cain sex scandal developments with a long roast of former New Jersey Senator and Governor and Goldman Sachs CEO Jon Corzine– or, in his words, the one man who “could embody the corporate/industrial/government complex in all its clusterf*ckitude.” Corzine, who is now nursing the injury of the collapse of his investment firm MF Global, put most of the money on European debt, which Stewart found, at best, hilarious.

The “Occupy Wall Street” protests have been a way to fuel people’s anger at Wall Street, and the Department of Homeland Security is concerned such high-profile events may inspire hackers to once again target big financial institutions.

Last night just before 12 a.m., Twitter began exploding with the news: Facebook had raised $500 million — from Goldman Sachs. Bolstered by a $50-million stake from Russia’s Digital Sky Technologies, a previous FB investor, the Wall Street behemoth had slapped down $450 million to snag the Internet behemoth — now valued at a cool $50 billion. As if on cue, the internet noted that yes, that was cooler than a million dollars.

Yes, this is a big deal. Here’s what it will mean.

Rachel Maddow opened her economy update segment last night with some good news: The job growth “bikini graph” has turned into a “Loch Ness monster graph” with incoming April job numbers! What she means is that the number of available jobs is, finally, growing. Despite that, however, Maddow was concerned for the US economy, because its behavior has been so volatile and its players so unregulated that it’s starting to become an undesirable market for foreign investors to work in.

As we exited the panel, we overheard a couple whispering, “Did he think he’d get away with it?” They were obviously discussing the scandal that brought down Eliot Spitzer, former governor of New York. It was that salacious side of Spitzer that brought many to the event, but the topic was only occasionally referenced and hardly discussed. Instead, interviewer Jeff Greenfield opted to focus on the Spitzer of the moment – the virtuous Wall Street fighter who was ahead of his time and is now rumored to be plotting a political comeback. Greenfield wasn’t “forgiving” Spitzer of his past sexual misconduct; he was sticking to the better story.

The situation at Goldman Sachs keeps getting more and more dire. The Wall Street Journal is reporting this evening that federal prosecutors are looking at criminal charges for Goldman after this week’s Senate hearings on the company’s activities during the 2007 housing crisis.

Some in the media have been talking about Obama’s “enough money” comment all day and earlier, on Fox News, Megyn Kelly brought John Stossel over to dissect it. Stossel was there to defend Wall Street while Kelly did a good job of playing devil’s advocate in what ended up being an interesting conversation.

Since his recent comments that Tea Party members could launch an Oklahoma City-esque terror offensive, 90s nostalgics are clinging to the alternate universe where former president Bill Clinton is still in charge, and he’s keeping the dream alive by continuing to make policy on tv. He turned his eye to Goldman Sachs today, and he is “not sure they violated the law.”

This morning Fox & Friends, like every other cable news show, spent significant time discussing yesterday’s Goldman Sachs Senate hearing.

But one thing just didn’t make sense for co-host Gretchen Carlson. Specifically, why Pres. Barack Obama would go after his buddies.

In a move that, as far as we know, is a cable news first, Keith Olbermann refused to bleep out Senator Carl Levin’s and Claire McCaskill’s references to what a Goldman Sachs executive called a “sh*tty deal” during today’s Senate hearings investigating whether the Wall Street giant was knowingly betting against their clients to make money.

Let’s just say Goldman Sachs CEO Lloyd Blankfein has seen better days. While it wasn’t as amusing as Sen. Carl Levin’s profane questioning earlier today, Sen. John McCain’s interrogation of the Wall Street leader was just as uncomfortable, at least for Blankfein.

During today’s heated Goldman hearings on Capitol Hill Sen. Carl Levin, head of the Senate Permanent Subcommittee on Investigations, quoted some rather colorful language from the Goldman emails which described one of their transactions as a “shitty deal.” Levin repeated the description eleven times in during his questioning of Goldman Exec Daniel Sparks. The pretty fantastic exchange after the jump.

It was one of the biggest stories of last week, an irresistible metaphor-made-real. While Wall Street was having its way with the US economy, employees of the Securities and Exchange Commission were literally playing with themselves. What wasn’t widely reported, though, was that the story was several months old, and was revived by opponents of financial reform, who thought it would be an effective counter to news of the SEC’s fraud complaint against Goldman Sachs.

The Senate investigation into Goldman Sachs’ economic successes during the 2007 subprime mortgage crises has now resulted in the release of emails late in that year that prove Sachs was deliberately betting against the housing market to make money while the rest of the market fell.

Prepare yourself, looks like another Jon Stewart, Jim Cramer showdown may be on the way. Last week’s Goldman Sachs fraud lawsuit gave Stewart the opportunity to demonstrate once again what a ‘fan’ he is of televised financial advice…particularly that of one Jim Cramer, who likes to dole it out while dressed as a Village Person (Stewart’s words). “Cue sage advice.” Not so much.

Rachel Maddow went on a bit of a deviation from her usual style on her program last night– she told a story set in Tiny Town, USA. In Tiny Town, a mean old man notices that two deliveries– one with bakery goods and one with pool chemicals– get mixed up, so that chlorine ends up being delivered to a donut shop. I won’t ruin the ending for you, but what you need to know is that this is some sort of metaphor for the current situation at Goldman Sachs.

The Goldman Sachs fraud lawsuit news today has the business news networks becoming must-see TV – and not just for the occasional curse word that slips out on-air.

Today during Jim Cramer‘s segment on CNBC’s Street Signs with Erin Burnett, guest Sylvain Raynes from R&R Consulting went after Cramer – and Cramer fired back.

The U.S. government has charged Goldman Sachs with fraud today, and the business networks (as well as cable news in general) have spent significant time covering the breaking news.

On Fox Business Network, Charlie Gasparino, author of the recently published, The Sellout, had some choice words for the company – well, one very choice word.

Rupert Murdoch stated that the Wall Street Journal will begin to charge users to access the WSJ iPhone and BlackBerry content apps ($2/month for non-subscribers, $1 for subscribers.) He also told Goldman Sachs Communicopia attendees that the News Corp., NBCU, Walt Disney joint venture Hulu was looking into charging subscriptions to view TV content online.

Happy Anniversary Great Recession. A year ago today Lehman Bros. filed for Chapter 11 bankruptcy and sent the economy into a tailspin the country is still struggling to cope with. Here’s a look back at the top five media moments from the last twelve months.

Alls CNBC’s Charles Gasparino is trying to do is tell it like it is — ya’ know, tell both sides of the story. But the “nobodies” and “morons” of the blogosphere keep trying to paint him as a Goldman Sachs muppet. Now, this is nothing new for CNBC. Just last month Dennis Kneale called-out bloggers for their “mean-spirited negativity,” calling them “digital dickweed.”

You won’t find Michelle Leder anywhere on Mediaite’s Power Grid, so Anna Wintour needn’t watch her back. Even obsessed media watchers likely have never heard of Leder’s site, footnoted.org. But if you are interested in the games corporate America plays, it’s one of the best shows in town.

The real Hurt Locker, Glenn Beck opines on health care, and the Vatican gives Harry Potter two thumbs up…Plus! Other fun things we’ve come across during our day reaping the fruits of the Internet.

Maybe you’ve been seeing the stories on the front page of the New York Times this week heralding the news that just ten months after the economy fell out from underneath us Goldman Sachs made a huge profit last quarter. Clusterstock’s John Carney attempts to help us understand what the heck is going on.

Jim Impoco: Taibbi has received a good deal of attention for his article “The Great American Bubble Machine” in the latest issue of Rolling Stone magazine. Unlike Taibbi, I’d be happy if all the world’s economic problems since the Great Depression could be blamed on Goldman Sachs. That would lend itself to an easy fix. Just re-elect Eliot Spitzer as New York attorney general, point him downtown toward Goldman’s headquarters, and say, sic ‘em!