Goldman Sachs and Citibank...

[Rami]

To all,

Goldman Sachs had a profit of 3.2 billion dollars last quarter, and is ready to pay out $140 million dollars in bonuses, $10 million more than they paid when they helped to wreck our economy.

Meanwhile, Citibank had a loss of 3.2 billion dollars on the backs of bad mortgages.

Hey Washington....here's a novel idea....since we're footing the bill for both companies, let's take the profits from Goldman Sachs, pay off the Citibank losses...

:killersmiley: AND CALL IT A DAY! :killersmiley:

[ashes2ashes]

With regards to Goldman Sachs.. some quotes from a BBC article...


Goldman Sachs' profits for the period were $3.19bn (£1.96bn), a four-fold increase from the same period in 2008.

It has set aside $5.35bn to cover pay and bonuses for the quarter, an average payout of $172,581 per worker...

The $5.35bn it set aside to cover pay and bonuses during the quarter brings the total for the first nine months of this year to $16.7bn.

"Goldman has always been the biggest bonus payer simply because its people make more money per person than anyone else," Ralph Silva from Tower Group told BBC News.

"The problem here is fundamental, it is a very complex business. There are very few people in the world who have the ability to do this job so the reason they get paid so much is there is just not enough of them."

The bank paid back the emergency loan it had received from the government in July this year.

Full article here: http://news.bbc.co.uk/2/hi/business/8308816.stm