Goldman Sachs net income: $3.44 billion

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  1. #31

    Join Date
    Jul 2008
    Location
    Sheung Wan
    Posts
    240

    red blob

    LOL I received a red blob with the comment "they did not CREATE the mess"

    BTW, just to underline a "cultural difference" there..

    Banker bonus has sparked anger in France when BNP (1st French Bank) confirmed they had constituted a 1 billion-euro ($1.4 billion) bonus pool.

    All politicians (including President Sarkozy) have blamed the bank.

    BNP answered that they were complying with the G-20 rules.

    Interesting to see that after France has put 10.5 billion euros into the country’s six largest banks, the "G20 rules" would find it normal that 1 bank can add 10% of that amount
    to the bonus pool they will give back to their employees.

    But then again, I haven't passed Economics 101

    Link:
    http://www.financialexpress.com/news...p-more/499715/

    Last edited by psjylife; 18-08-2009 at 06:32 PM. Reason: added the link!

  2. #32

    Join Date
    Apr 2009
    Posts
    93

    Interesting article to read, when you have some time spare.
    Is Goldman Sachs evil? Or just too good?
    Is Goldman Sachs Evil? Or Just Too Good? -- New York Magazine


  3. #33

    Join Date
    Oct 2007
    Posts
    167

    They are very good at what they do: taking money from American taxpayers and putting it into the pockets of their executives.


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