Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Great explanation of how you're paying for Goldman Sachs bankers' HUGE bonuses
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Friday, July 31, 2009
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From Zerohedge:

This is perhaps the most important thing I learned over my years working on Wall Street, including as a managing director at Goldman Sachs: Numbers lie. In a normal time, the fact that the numbers generated by the nation's biggest banks can't be trusted might not matter very much to the rest of us.

But since the record bank profits we're now hearing about are essentially created by massive federal funding, perhaps it behooves us to dig beneath their data. On July 27, 10 congressmen, led by Rep. Alan Grayson (D-Fla.), did just that, writing a letter to Federal Reserve Chairman Ben Bernanke questioning the Fed's role in Goldman's rapid return to the top of Wall Street.

Read full article...

More scandals at Government Sachs:

MUST READ article of the month... of the year

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Scandal: New York Fed chief resigns amid Goldman Sachs stock probe


Topics: Goldman Sachs | Boondoggle
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