The real point is, of course, not the bonuses themselves, but the sleazy method the profits are obtained, by using government muscle to gain the inside edge. These bonuses are based on a redirection of alot of Wall Street transactions by the money control troika, Goldman, the Fed and the Treasury, for the benefit of Goldman.
Early this week, Goldman spokesman Lucas Van Praag told me,as I reported,that Goldman is no longer a bank holding company, but, as of August 14 they are a financial holding company, which means they can do lots of things that bank holding companies can not.
Join us on our
Share this page with your friends
on your favorite social network: