SearchDemocracy LinksMember's Off-site Blogs |
doing it tough at the trough .....
No doubt you're going to feel terrible about this. Top executives of Goldman Sachs, the Wall Street powerhouse, are in a pout about how they're being treated by you and me ie: the public. These execs are used to being revered as financial geniuses, but having taken a $10 billion bailout from us taxpayers last fall, they're now widely viewed as ... well, as welfare recipients. Like other welfare checks, the big one that Washington doled out to Goldman Sachs came with some strings attached, causing the chieftains to get all huffy. Especially galling to these princes of privilege is the limit on salaries and bonuses that bailed out banks are allowed to give to those in the executive suites. Thus, Goldman recently threw a little hissy fit and haughtily declared that it will pay back our $10 billion to get the blankety-blank government out of its private business. Bold move! At last, Wall Streeters are reasserting their rugged, free-enterprise ethic, right? Uh, not exactly. What Goldman officials fail to mention is that they'll still be clinging to several other lifeboats floated to them by those skinflint meanies in Washington. For example, when insurance giant AIG was given some $200 billion last year to save it from total collapse, $12 billion of it was actually a pass-through payment to Goldman Sachs. Best of all, this quiet handout did not come with any of those nasty restrictions on executive pay - so Goldman is happily hanging onto this backdoor subsidy.
|
User login |
Recent comments
1 hour 22 min ago
2 hours 3 min ago
3 hours 45 min ago
5 hours 56 min ago
6 hours 35 min ago
13 hours 21 min ago
13 hours 37 min ago
21 hours 38 min ago
21 hours 44 min ago
23 hours 13 min ago