Goldman Sachs announce bonuses of nearly $800,000 per employee

**ckn** · October 13th, 2009, 01:16 PM

Daily Mail link

The likes of Goldman Sachs are 95% responsible (the other 5% is idiot governments) for our current world recession yet they have bounced back with a vengeance and are leeching as much of the recovery money as possible.

In separate news today, the British government announced a state pension increase of £2.40 ($4) a week. Puts it really in comparison that the banking leeches get this massive payout for bankrupting the world's governments.

**RunningMan27** · October 13th, 2009, 01:59 PM

Regardless that Goldman Sachs paid off their 6.3 billion pound loan, this should not be acceptable.

It will be interesting to watch the global economy over the coming months to see if this comes back around to bite them. If, for any reason, this bank should require financial backing at some point in the next couple of years the $23 billion pay-out should prevent anything from materializing.

Contrary to my thoughts above, I am glad to see some sectors of the global economy are picking up. My company continues to lay-off people by the 10's and 100's every few months and that doesn't seem to be changing anytime soon...

**ckn** · October 14th, 2009, 04:10 AM

A friend pointed this out to me this morning:

Former Goldman Sachs executive officers include Timothy Geithner (current Secretary of Treasury), Hank Paulson (the last Secretary of Treasury), Robert Rubin (former Secretary of Treasury), Henry Fowler (former Secretary of Treasury), and Josh Bolten (Bush’s Chief of Staff).

According to my friend, the Fed & Treasury is essentially a Goldman Sachs old-boys club where they retire once they've bled the markets of their own personal pound of flesh.

**A1food4U** · October 14th, 2009, 09:12 AM

A step closer to the "Rollerball" world of the future where large companies rule the world instead of regional governments. Can anyone deny the back scratching going on at upper levels, Does anyone on the board actually know someone in the finance or banking sector that is doing worse financially? Someone please show me a broker or financial officer at a stock trading or managing firm that took a bigger bath than their shareholders and patrons????

My retirement nest egg is 40% of what it was three years ago, yet the guy up the street working for Baird still takes a family trip every other month and the shiney new BMW on the drive belies the current market conditions.....Survival of the fitest is turning into survival of the shiftiest....