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April 14, 2009

Goldman Sachs Reports $1.6 Billion 1st Quarter Profit
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This comes as Goldman Sachs reports it made over $1.6 billion in the
first three months of the year. Last week, Wells Fargo says it expects
to report record first-quarter earnings of $3 billion. Both companies
have received tens of billions of dollars in taxpayer bailouts. Goldman
Sachs said it plans to raise $5 billion in stock to help it pay back
government bailout funds in part to free itself from government-imposed
restrictions on executive compensation.



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