Goldman Sachs: ‘What Recession?’

Goldman Sachs: 'What Recession?'

Goldman Sachs helped alleviate economic suffering by donating  $16.2 billion to needy investment bankers. Its own. Company executives also committed a whopping 3% of that amount to help struggling small businesses. Strange; we thought New Yorkers always tipped 20%.

Goldman Sachs was saved from certain doom by the generosity of U.S. taxpayers, many of whom are now unemployed thanks to the machinations of Goldman Sachs. The company paid back the $10 billion in federal TARP funds that saved its assets. Why not? $12.9 billion of AIG’s federal bailout funds were paid directly to Goldman Sachs.

 

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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3 Responses to “Goldman Sachs: ‘What Recession?’”

  1. TomCat Says:

    Hi Mike. Thanks for your visit and comment at Politics Plus.

    On topic, you’ve given a great reason that Obama needs to dump Geithner.

  2. The Worden Report Says:

    SEC fine = 2 wks of profit at Goldman. Slap on the wrist?

    See: http://euandus3.wordpress.com/2010/07/19/990/

  3. Mike Licht Says:

    The Worden Report wrote: Slap on the wrist?

    A slap on the wrist with a wet noodle.

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