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Thursday, September 20, 2007

Goldman Workers To Stay In Their Penthouses, Firm Sets Aside Record Amount For Pay

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According to reports from Bloomberg, Goldman Sachs (NYSE: GS) has set aside a record $16.9 billion to pay salaries, benefits and bonuses in the first nine months of the year. This tops last year's $16.5 billion figure for the whole year. Link to Article
Meanwhile, some Bear Stearns' (NYSE: BSC) traders and salespeople will be setting up their cardboard boxes next to the dead-beat mortgage borrowers whose loans were packaged and sold by Bear, leading to the collapse in the credit markets.

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