Report: Goldman Sachs on Pace to Pay Out Record Bonuses this Year
The Guardian newspaper reports staff at Goldman Sachs can look forward to the biggest bonus payouts in the firms 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 Obamas proposed reforms of the financial regulatory system and the The Big Bank Bailout Payback Bamboozle. [includes rush transcript]
I hate how Obama handed bankers (of all people..) so much free money with no strings whatsoever. It's simply ridiculous
truepaths 2 years ago 3
That started under Bush. Moral of the story, Wall Street runs Washington.
Esoteric101 2 years ago