As the bailout was intended to do...
Oh wait...
From TFA:
Goldman Sachs is on course to pay its top City bankers multimillion-pound bonuses - despite asking the U.S. government for an emergency bail-out.
The struggling Wall Street bank has set aside £7billion for salaries and 2008 year-end bonuses, it emerged yesterday. Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million.
It's beginning to look a lot like Christmas
For everyone but us. Usually you don't get bonuses if your company has to go hat in hand to the government for more money, but in this case, that was its apparent purpose
The size of the pay pool comfortably dwarfs the £6.1billion lifeline which the U.S. government is throwing to Goldman as part of its £430 billion bail-out.
Comfort being the most important concept here, except for taxpayers... |