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
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Tags: bailout, bonuses, economy, finance, Goldman Sachs, investment banking, recession, TARP
NotionsCapital 
January 23, 2010 at 1:57 pm
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.
July 20, 2010 at 10:45 am
SEC fine = 2 wks of profit at Goldman. Slap on the wrist?
See: http://euandus3.wordpress.com/2010/07/19/990/
July 20, 2010 at 12:57 pm
The Worden Report wrote: Slap on the wrist?
A slap on the wrist with a wet noodle.