Some tips, comments and laughs on the stock market from the team at

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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