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.
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