Sunday, June 21, 2009

Obscenity at Goldman Sachs

Goldman Sachs to make record bonus payout | Business | The Observer
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.

Imagine my shock. I bet I could make a profit too if I had scarfed back about $10Billion in taxpayers money less than a fucking year ago

via many places but reading it at Balloon Juice actually made me blog this.

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