Goldman Sachs

Griff · 07-15-2009, 12:23 PM

Goldman posted the richest quarterly profit in its 140-year history and, to the envy of its rivals, announced that it had earmarked $11.4 billion so far this year to compensate its workers.

At that rate, Goldman employees could, on average, earn roughly $770,000 each this year — or nearly what they did at the height of the boom.

Let's see, we bailout AIG who GS was into for what, $20 Billion? Lehman doesn't get bailed so the competition is gone. Throw in some 0% (?) tax dollars and you've got record earnings. I'm just going to assume that the economy is fixed. Supposed to be a Rolling Stone article out on this... GS is smart people who happen to believe in "government service". Conflict of interest much?

edit linky
http://www.nytimes.com/2009/07/15/bu..._r=1&th&emc=th

sugarpop · 07-15-2009, 05:01 PM

Here is the link...

http://www.rollingstone.com/politics...bubble_machine

And YES, I would say GS definitely had an unfair advantage over everyone else when things came crashing down.

Scopulus Argentarius · 07-19-2009, 12:50 AM

Quote:

Originally Posted by sugarpop

Here is the link...

http://www.rollingstone.com/politics...bubble_machine

And YES, I would say GS definitely had an unfair advantage over everyone else when things came crashing down.

Living in Jim Taggart(ville)?

07-15-2009, 12:23 PM	#1
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	Goldman Sachs Goldman posted the richest quarterly profit in its 140-year history and, to the envy of its rivals, announced that it had earmarked $11.4 billion so far this year to compensate its workers. At that rate, Goldman employees could, on average, earn roughly $770,000 each this year — or nearly what they did at the height of the boom. Let's see, we bailout AIG who GS was into for what, $20 Billion? Lehman doesn't get bailed so the competition is gone. Throw in some 0% (?) tax dollars and you've got record earnings. I'm just going to assume that the economy is fixed. Supposed to be a Rolling Stone article out on this... GS is smart people who happen to believe in "government service". Conflict of interest much? edit linky http://www.nytimes.com/2009/07/15/bu..._r=1&th&emc=th __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis Last edited by Griff; 07-15-2009 at 12:24 PM. Reason: link

07-15-2009, 05:01 PM	#2
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	Here is the link... http://www.rollingstone.com/politics...bubble_machine And YES, I would say GS definitely had an unfair advantage over everyone else when things came crashing down.

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