Goldmine Sachs Hit By Subprime Lending Woes

I guess the subprime market's implosion has really been a drag on Goldman Sachs. I wonder if the whole subprime mess has worked its way out of the market or do we still have a few more quarters to absorb the pain?

Goldman reported that revenue from its trading and principal
investments business fell 6 percent from the year-ago period to $6.65 billion,
and was down 29 percent from the first quarter. Though stock trading was higher, the investment bank blamed the drop on weak results in its mortgage business because of "continued weakness in the subprime."