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July 13, 2009

Analysts: Goldman Sachs Made $2 Billion Since March
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Economic analysts are predicting Goldman Sachs has earned a staggering
$2 billion since March. The bank’s stock value has soared 68 percent
this year, and analysts predict the bank will pay a total of $18 billion
in compensation and benefits this year—that’s an average of more than
$600,000 per employee. Goldman Sachs has been a major beneficiary of the
government’s bank bailout program. Last year the Bush administration
quietly funneled $13 billion to Goldman Sachs as part of the bailout of
the failed insurance giant AIG. The government also gave Goldman Sachs
$28 billion in low-interest loans.



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