Economy, The Banks

Goldman Sachs On Pace To Pay Record Bonuses

0 Comments 22 June 2009

One week after re-paying its TARP bailout loan, Goldman Sachs predicts being able to pay employees record bonuses this year. In fact, they’re predicting their most profitable year ever.

Isn’t this special? Once the Obama administration told these companies getting the TARP money that not only will their salaries be limited, but they could also kiss their bonuses goodbye, that they are now able to pay all of that money back, AND estimate record profits.

Is it just me, or does this stink to high heaven?

Reuters has a short article about it here, as reported by The Guardian.

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