While you were day dreaming of a romantic trip with the balloon boy, Goldman Sachs announced record profits<\/a> of $3.2 billion, “crushing Wall Street estimates for the third straight quarter.” Alas, the record profits and “the giant quarterly gain allowed Goldman to set aside $5.4 billion for employee compensation — bringing its bonus pool to $16.7 billion through September 30.”<\/p>\n

But they couldn’t have done it with you, Joe Taxpayer<\/a>:<\/p>\n

[Goldman Sachs] was one of the nine big banks that received loans from Treasury last fall. It received $13 billion in the costly, widely questioned September 2008 rescue of insurer AIG. It has sold $22 billion in federally guaranteed debt under a plan the feds started to restore capital markets activity. And it has been a major beneficiary of the low interest rates the government has adopted in hopes of restarting the economy.<\/p><\/blockquote>\n

Long story short, we all own a little piece of Goldman Sachs largess — I hope my ‘Free Ride On A Goldman Executives Yacht’ voucher is in the mail! And in case you were wondering, $17.1 billion in Goldman bonuses is equal $121 dollars from every one of the 138 million taxpayers.<\/p>\n

See Also:<\/strong> Goldman Can Spare You a Dime<\/a>, Banker Bonuses in a Time of Crisis<\/a>, The United States of Goldman Sachs<\/a>, Treasury Officials Received Millions from Goldman Sachs<\/a>, Goldman Sachs breaks record with $16.7bn bonus pot<\/a>, Goldman Sachs: All Your Treasury Are Belong to Us<\/a>, It\u2019s Time to Impose WW II\u2019s 95% Excess Profits Tax<\/a>, Time for a Windfall Tax On Goldman?<\/a>, and Keep your hands off Goldman\u2019s bonuses<\/a>.<\/p>\n

[tags]goldman sachs, record bonuses, goldmen sachs, goldman sechs, record profits, taxpayer, bonuses, bail outs[\/tags]<\/p>\n","protected":false},"excerpt":{"rendered":"

While you were day dreaming of a romantic trip with the balloon boy, Goldman Sachs announced record profits of $3.2 billion, “crushing Wall Street estimates for the third straight quarter.” Alas, the record profits and “the giant quarterly gain allowed Goldman to set aside $5.4 billion for employee compensation — bringing its bonus pool to […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"yoast_head":"\n