Sunday, June 21, 2009

Golden Bonus Bailout

After scamming billions of TARP dollars and a $13 billion stealth bailout dressed in drag as a rescue of AIG, Goldman Sachs executives are about to reap the fruit of their raping of taxpayer. In September 2008 Goldman's former CEO acting under cover as US Treasury Secretary told a joint committee that the economy would melt down if the billionaires weren't bailed out. And as the taxpayer stiffs struggle to keep their jobs and toss a coin to decide whether to make their mortgage payments or health insurance premium the Golden big shots are getting their bonus and as if to say Vuck you with emphasis the bonus will be record making ones at that.
A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.
That competition being in the hand out to taxpayer for no other company, not even evil Halliburton has the push and pull inside of the beltway as Goldman Sachs. On the Street green is good and competition is sin Goldman Sachs monopolizes the free lunch business Nirvana for David Rockefeller and his Council cohorts, but a middle finger in your face to the rest of us.

May not be shorting Goldman Sachs anytime soon after all.

No comments: