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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] Billions bailout $$ to Goldman Sachs bonuses
  • Date: Thu, 30 Oct 2008 06:06:43 -0700 (PDT)

'wonder why this isn't on the fron page of the NYT where GS is headquartered
....bobford

>From today's UK paper:

--------------------------------------------------------------------------
Excerpt:

"Goldman Sachs is on course to pay its top City bankers multimillion-pound
bonuses - despite asking the U.S. government for an emergency bail-out.
The struggling Wall Street bank has set aside £7billion for salaries and 2008
year-end bonuses, it emerged yesterday.

Each of the firm's 443 partners is on course to pocket an average Christmas
bonus of more than £3million.
The size of the pay pool comfortably dwarfs the £6.1billion lifeline which
the U.S. government is throwing to Goldman as part of its £430billion
bail-out.

As Washington pours money into the bank, the cash will immediately be
channelled to Goldman's already well-heeled employees.

News of the firm's largesse will revive the anger over the 'rewards for
failure' culture endemic in the world of high finance.
The same bankers who have brought the global economy to its knees seem to
pocketing the same kind of rewards they got during the boom years. "......

http://www.dailymail.co.uk/news/worldnews/article-1081624/Goldman-Sachs-ready-hand-7BILLION-salary-bonus-package--6bn-bail-out.html






  • [Homestead] Billions bailout $$ to Goldman Sachs bonuses, bob ford, 10/30/2008

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