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Old 01-19-2011, 10:37 AM
 
2,541 posts, read 2,738,618 times
Reputation: 492

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Goldman Sachs has set aside $15.3bn (£9.5bn) to pay its staff in 2010 – an average of $430,000 each – in a move that re-ignites the controversy over City pay and bonuses at a time when youth unemployment is hitting record highs in the UK.

But the Goldman figures came just hours after data in the UK showed that youth unemployment had hit a record high of close to 1m, sparking fury from unions.

Goldman Sachs bankers to receive $15.3bn in pay and bonuses | Business | guardian.co.uk

 
Old 01-19-2011, 10:45 AM
 
45,582 posts, read 27,187,569 times
Reputation: 23891
Hmmm - It's a good day for GS.

Obama's SEC hires Goldman Sachs asset manager to regulate asset managers (http://washingtonexaminer.com/blogs/beltway-confidential/2011/01/obamas-sec-hires-goldman-sachs-asset-manager-regulate-asset-manag - broken link)

The Securities and Exchange Commission today announced that Eileen Rominger has been named its Director of Investment Management.

,...

The Division of Investment Management protects investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry. Ms. Rominger comes to the SEC from the asset management industry, where she worked for the past 11 years at Goldman Sachs Asset Management and most recently served as the firm’s global chief investment officer.


Here's the Ethics Pledge from the White House.

"2.Revolving Door Ban -- All Appointees Entering Government. I will not for a period of 2 years from the date of my appointment participate in any particular matter involving specific parties that is directly and substantially related to my former employer or former clients, including regulations and contracts.

Where does it stop?
 
Old 01-19-2011, 12:22 PM
 
2,541 posts, read 2,738,618 times
Reputation: 492
Quote:
Originally Posted by DRob4JC View Post
Hmmm - It's a good day for GS.

Obama's SEC hires Goldman Sachs asset manager to regulate asset managers (http://washingtonexaminer.com/blogs/beltway-confidential/2011/01/obamas-sec-hires-goldman-sachs-asset-manager-regulate-asset-manag - broken link)

The Securities and Exchange Commission today announced that Eileen Rominger has been named its Director of Investment Management.

,...

The Division of Investment Management protects investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry. Ms. Rominger comes to the SEC from the asset management industry, where she worked for the past 11 years at Goldman Sachs Asset Management and most recently served as the firm’s global chief investment officer.

Here's the Ethics Pledge from the White House.


"2.Revolving Door Ban -- All Appointees Entering Government. I will not for a period of 2 years from the date of my appointment participate in any particular matter involving specific parties that is directly and substantially related to my former employer or former clients, including regulations and contracts.

Where does it stop?
Government Sachs is directly tied to the private money printing Fed banks, is in bed with our government, and is making it's employees wealthier. Got a problem with that? Isn't that American capitalism at it's finest?
 
Old 01-19-2011, 12:24 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,870,208 times
Reputation: 2519
It took a lot of work to bring the world to it's knees,they deserve the money.
 
Old 01-19-2011, 12:25 PM
 
Location: Londonderry, NH
41,479 posts, read 59,783,759 times
Reputation: 24863
Them that has - gets. Them that has lots gets lots more. No wonder we need a steeply progressive income tax with a 90th percentile deductable. Let these parasites pay their own way.
 
Old 01-19-2011, 12:27 PM
 
Location: Fort Worth, Texas
3,390 posts, read 4,950,930 times
Reputation: 2049
Holy crap. This is insane. Scotty, beam me up NOW.
 
Old 01-19-2011, 12:41 PM
 
2,541 posts, read 2,738,618 times
Reputation: 492
Quote:
Originally Posted by oz in SC View Post
It took a lot of work to bring the world to it's knees,they deserve the money.
Pushing those buttons to gamble billions of taxpayer money takes nerves of butter, and in their mind deserves extreme rewards.
 
Old 01-19-2011, 12:42 PM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,870,208 times
Reputation: 2519
LOL.....it does take some gonads to screw over the world and not get caught...
 
Old 01-19-2011, 12:43 PM
 
3,504 posts, read 3,923,793 times
Reputation: 1357
thats what I used to want to do. become an analyst for goldman or one of the top investment banks. too much work though. they work like 80-90 hrs a week.
 
Old 01-19-2011, 12:43 PM
 
56,988 posts, read 35,198,461 times
Reputation: 18824
Quote:
Originally Posted by oz in SC View Post
It took a lot of work to bring the world to it's knees,they deserve the money.
You aint neva lied!
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