Yesterday was JP Morgan. Today it's back to Goldman. Who could have guessed such an outcome from a company so deeply embedded in the US government? How's everyone in the real world doing these days? How much has your retirement savings recovered? How's your fat bonus at work doing? How many are working in a company where the average pay is $526,814 a year after a bailout? Heck, let AIG fail and see how long Goldman rakes in these numbers. We know that would never happen which is why Goldman is on track to match their biggest bonus year ever.
It's probably cold comfort, but Goldman Sachs couldn't have done it without your help.
The New York-based investment firm turned another eye-popping profit Thursday, earning $3.2 billion in the third quarter, as revenue from trading rose fourfold from a year ago.
As Wall Street firms typically do, Goldman set almost half that sum aside to compensate its workers. Through the first nine months of 2009, the firm socked away $16.7 billion, enough to pay the average Goldmanite $526,814.
