Saturday, January 9, 2010

Goldman Bonus Day is January 18

Goldman Sachs’ bonuses will be announced on Monday, January 18, and scheduled to be paid sometime between February 4 and February 7, according to Simon Johnson.

Anticipated total bonus payout: $20 billion plus.

Naturally, there will be no breakdown as to how much of these bonuses would have been paid if there was no bailout of Goldman through AIG, Fed bond trading practices, etc.

My guess is that, without the bailouts, bonuses would have been $0.00 and Goldman would have been swimming with the fishes. But Goldman is good at one thing, capturing government power centers that distribute money and then they get the power centers to distribute money to Goldman. What else has Goldman really done since the crisis began?

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