{"id":4471,"date":"2009-10-20T20:14:36","date_gmt":"2009-10-21T00:14:36","guid":{"rendered":"http:\/\/www.prosebeforehos.com\/?p=4471"},"modified":"2009-10-20T20:14:36","modified_gmt":"2009-10-21T00:14:36","slug":"the-taxpayers-money-goldman-sachs-record-bonuses","status":"publish","type":"post","link":"https:\/\/www.prosebeforehos.com\/word-of-the-day\/10\/20\/the-taxpayers-money-goldman-sachs-record-bonuses\/","title":{"rendered":"The Taxpayers Money, Goldman Sachs Record Bonuses"},"content":{"rendered":"<p>While you were day dreaming of a romantic trip with the balloon boy, <a href=\"http:\/\/money.cnn.com\/2009\/10\/15\/news\/companies\/goldman.profit.fortune\/index.htm?postversion=2009101516\">Goldman Sachs announced record profits<\/a> of $3.2 billion, &#8220;crushing Wall Street estimates for the third straight quarter.&#8221; Alas, the record profits and &#8220;the giant quarterly gain allowed Goldman to set aside $5.4 billion for employee compensation &#8212; bringing its bonus pool to $16.7 billion through September 30.&#8221;<\/p>\n<p>But <a href=\"http:\/\/money.cnn.com\/2009\/10\/15\/news\/companies\/goldman_taxpayer_gains.fortune\/index.htm\">they couldn&#8217;t have done it with you, Joe Taxpayer<\/a>:<\/p>\n<blockquote><p>[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<p>Long story short, we all own a little piece of Goldman Sachs largess &#8212; I hope my &#8216;Free Ride On A Goldman Executives Yacht&#8217; 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<p><strong>See Also:<\/strong> <a href=\"http:\/\/www.nytimes.com\/2009\/10\/18\/opinion\/18rich.html?_r=1\">Goldman Can Spare You a Dime<\/a>, <a href=\"http:\/\/meganmcardle.theatlantic.com\/archives\/2009\/10\/banker_bonuses_in_a_time_of_cr.php\">Banker Bonuses in a Time of Crisis<\/a>, <a href=\"http:\/\/www.barrypopik.com\/index.php\/new_york_city\/entry\/the_united_states_of_goldman_sachs\/\">The United States of Goldman Sachs<\/a>, <a href=\"http:\/\/truthiscontagious.com\/2009\/10\/15\/treasury-officials-received-millions-from-goldman-sachs\">Treasury Officials Received Millions from Goldman Sachs<\/a>, <a href=\"http:\/\/statismwatch.ca\/2009\/10\/15\/goldman-sachs-breaks-record-with-167bn-bonus-pot\/\">Goldman Sachs breaks record with $16.7bn bonus pot<\/a>, <a href=\"http:\/\/whigblog.blogspot.com\/2009\/10\/goldman-sachs-all-your-treasury-are.html\">Goldman Sachs: All Your Treasury Are Belong to Us<\/a>, <a href=\"http:\/\/coyoteprime-runningcauseicantfly.blogspot.com\/2009\/10\/its-time-to-impose-ww-iis-95-excess.html\">It\u2019s Time to Impose WW II\u2019s 95% Excess Profits Tax<\/a>, <a href=\"http:\/\/agonist.org\/sean_paul_kelley\/20091020\/time_for_a_windfall_tax_on_goldman\">Time for a Windfall Tax On Goldman?<\/a>, and <a href=\"http:\/\/www.creditwritedowns.com\/2009\/10\/keep-your-hands-off-goldmans-bonuses.html\">Keep your hands off Goldman\u2019s bonuses<\/a>.<\/p>\n<p>[tags]goldman sachs, record bonuses, goldmen sachs, goldman sechs, record profits, taxpayer, bonuses, bail outs[\/tags]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While you were day dreaming of a romantic trip with the balloon boy, Goldman Sachs announced record profits of $3.2 billion, &#8220;crushing Wall Street estimates for the third straight quarter.&#8221; Alas, the record profits and &#8220;the giant quarterly gain allowed Goldman to set aside $5.4 billion for employee compensation &#8212; bringing its bonus pool to [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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