Goldman Sachs takes $12B Bailout, Hands out $14B Bonuses
Mail On LIne UK / Simon Duke
02-Nov-2008 (3 comments)

Goldman Sachs is on course to pay its top City bankers
multimillion-pound bonuses - despite asking the U.S. government for an emergency bail-out. The struggling Wall Street bank has set aside £7billion for salaries and 2008 year-end bonuses, it emerged yesterday. Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million. The size of the pay pool comfortably dwarfs the £6.1billion lifeline which
the U.S. government is throwing to Goldman as part of its £430billion
bail-out. As Washington pours money into the bank, the cash will immediately be channelled to Goldman's already well-heeled employees.

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IRANdokht

Thanks for the link to the article

by IRANdokht on Sun Nov 02, 2008 01:05 PM PST

Hello darius khan  

I was up way too late, and I was too tired to google the news and get the full article myself. By the numbers in the excerpt, it seemed like a math error, but now it makes sense... hmmmm   actually now it makes no sense!  why were they bailed out ?!

I am so sick of these greedy criminals!

Thanks again

IRANdokht


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Hello Irandokht

by darius on Sun Nov 02, 2008 01:50 AM PST

What you doing up this late !!!!?lol

one British pound = 1.6123 U.S. dollar,

if we round up the 1.61 to 2 dollar per pound then  ,7 billion pund equals to 14billion US Dollar  right?

Goldman Sachs takes $12B Bailout, Hands out $14B Bonuses

//www.dailymail.co.uk/news/worldnews/article-...


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IRANdokht

no link?

by IRANdokht on Sun Nov 02, 2008 12:47 AM PDT

The math doesn't add up. Would you please provide the link to the news page?

Thanks

IRANdokht


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