Report: Goldman Sachs on Pace to Pay Out Record Bonuses this Year

Democracy Now, The Guardian by Nomi Prins, Amy Goodman, Juan Gonzalez | Jun. 22, 2009 (News Analysis)

(Video) The Guardian newspaper reports staff at Goldman Sachs can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms. We speak to Nomi Prins, a former managing director for Goldman Sachs in New York, about the possible record bonuses, President Obama’s proposed reforms of the ... Full Story »

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Subjects: Business, Politics
Topics: Finance, Money and Politics
Member Tags: Goldman Sachs, business corruption
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Posted by: Posted by Dwight Rousu - Jun 22, 2009 - 8:40 PM PDT
Reviewed by: Dwight Rousu (review)
Content Type: Video
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Edited by: Dwight Rousu - Jun 23, 2009 - 10:47 PM PDT
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4.0
 by Dwight Rousu - Jun. 23, 2009

The discussion jumps around to a lot of related scandals. Important and timely, but does not organize the info in an easy to grasp way.

ten banks said—or were allowed by the Treasury Department to pay back all or a portion of the TARP money they had received. One was Goldman, ... More »

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    The Guardian | Jun. 21, 2009
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  • "Suck on Our Yachts": Goldman Sachs Issues Non-Apology for Destroying the World Economy

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    Goldman is bragging about the fact that it actually made money while it was pumping the economy full of explosive leverage. While companies like Lehman and Bear were dumb ...
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