Don't forget that he owned millions in GS stock.
Also, Paulson and Geithner are both Goldman alums.
Something stinks.
Posted on 06/21/2009 1:52:23 PM PDT by Nexus
Goldman to make record bonus payout
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.
(Snip)
In April, Goldman said it would set aside half of its £1.2bn first-quarter profit to reward staff, much of it in bonuses. It is believed to have paid 973 bankers $1m or more last year, while this year's payouts are on track to be the highest for most of the bank's 28,000 staff, including about 5,400 in London.
MORE
(Excerpt) Read more at guardian.co.uk ...
Who was in charge of AIG at the time? Mr "$1 dollar a year" Edward Liddy, ex-Goldman board member.
This was in essence a bypass around TARP, looting of the treasury, money laundering of EPIC proportions.
Now, Goldman is claiming "record profits" and is preparing to pay themselves half a billion in bonuses - all with taxpayer dollars derived from selling billions of new new bond debt to the Chinese, which of course in the end our children will have to pay.
In a just world, where bankruptcies are actually allowed to happen, Goldman would be first in line - but instead this.
Who will finally stand up to this madness? Regional banks? The Taxpayer? The Chinese by not buying anymore debt?
What is truly sad that there is not even a peep from the American media on this yet today. Had to link to the Observer.
It seems that buying Washington by flooding it with millions in campaign cash and putting former staff and management in top political positions has its perks.
Nothing but a bunch of f****** theives whole took billions off ours and our children's tables. In a just world they'd be jailed.
Gee, it just happens to be GS. Who'd a thunk it?
Yet another way they can produce nothing whatsoever, yet line their pockets by ripping us all a new one.
Looks like we’ll see a big ass bump in Manhattan real estate next spring.
bookmark
Don't forget that he owned millions in GS stock.
Also, Paulson and Geithner are both Goldman alums.
Something stinks.
This needs to be conveyed time and time again until it sinks in with the majority.
The MSM needs to be broken of their political bias before it's too late to do anything about it.
Just a fluke of nature, right?
Goldman is claiming “record profits” and is preparing to pay themselves half a billion in bonuses - all with taxpayer dollars derived from selling billions of new new bond debt to the Chinese, which of course in the end our children will have to pay.
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ah come on, billions is so 2007ish. Today if it ain’t Trillions, its not worth mentioning. They are talking about auditing the Fed, I wonder who will do the auditing....these guys?
ping
all true
For years Goldman Sachs has been the most “connected” bank of them all. They have an in at the Federal Reserve like you wouldn’t believe. That faggy little Geithner engineered and approved this 13$ billion Goldman heist
Of course GS is very connected with Treasury and other Federal agencies
Indeed. Also, I forgot to mention Goldman's link to all the new Treasury Bond debt Turbo Timmy/Obama has been issuing (4 times last year's sum, likely 3 Trillion by September). They are a main dealer of these bonds, and are making windfall profits from selling them.
Just think of the windfall when obama and congress tax those bonuses at 90%! They will...tax those Gelded Sacks bonuses...right?
Drudge just picked this up, in red color font. Hopefully the American MSM will be forced to cover it now.
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