07-23-2009, 05:34 AM
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#21 (permalink)
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Join Date: Jun 2009
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Quote:
Originally Posted by AB370Z
Did you hear about the recent developments re Goldman Sachs...here's a link.
washingtonpost.com
I suppose it's a "good news" story except to say that they are now prospering as a lot of their big competition (Lehman Bros and Bear Stearns) went under throughout the last year. There is an interesting debate on the news in that since they have repaid their TARP funds, Goldman will now have full discretion to declare some massive record bonuses (presumably to the fat cat investment bankers) without government restrictions.
Lots that could be debated here... |
Yea they got about $13bil via AIG's "rescue", they have the govt in their pocket.
Whats everybody like to read as far as economics goes?
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