One really has to wonder about the arrogance of people in the financial world. Today, Goldman Sachs reported that they made $2.3 billion in 2008; this was after paying almost $11 billion in compensation and benefits. This is the same Goldman to whom we gave $10 billion in October.
What really frosts the cake is that they paid the princely sum of $14,000,000 in taxes. Last year they paid $6 billion. In 2007 they were in the 30+% tax bracket; this year they movced down to the 1% bracket.
I wonder when they'll be asking us for more money. I wonder also when we'll know what they have done with the $10 billion.
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