Wednesday, July 15, 2009

My Loss, Golman's Profit

Remind me again why my tax money went to paying 100 cents on the dollar for all of Goldman's counterparty trades in the AIG bailout ? From the Times:

"Goldman posted the richest quarterly profit in its 140-year history and, to the envy of its rivals, announced that it had earmarked $11.4 billion so far this year to compensate its workers."

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