Posted on 06/21/2009 7:32:28 PM PDT by GreatDaggar
Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms. A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm. Staff in London were briefed last week on the banking and securities company's prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever. Figures next month detailing the firm's second-quarter earnings are expected to show a further jump in profits. Warren Buffett, who bought $5bn of the company's shares in January, has already made a $1bn gain on his investment.
(Excerpt) Read more at guardian.co.uk ...
Makes ya sick bump.
After all the money lost in 401k its safe to say.... No One Cares. We have become passive and the govt can do anything they please. This includes controlling the TARP with ex-Goldman employees for the extreme financial benefit of Goldman.
And their could break bad at any time.
Their swaps that is.
They’ve been successful, Zero will no doubt fix that as soon as possible.
Good for them.
I’m sure they’ll give lots of money to Obama and his liberal friends so they can raise taxes and regulations on the rest of us. :)
The fix was in. A new form of insider trading.
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The Golden Slacks Czar will be announced later today.
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