Monday, October 19, 2009

How Goldman Sachs Made $3 Billion 12 Months After We Bailed Their Lucky Asses Out

How did Goldman, Sachs & Co. -- saved a year ago by the US taxpayer -- magically make $3 billion in 3 months a year later?

This as the US dollar collapses, unemployment soars and foreclosures hit a record?

Here is the Goldman, Sachs & Co. revenue break down for the past 3 months:

  • Financial Advisory-M/A: 325 million.
  • Equity Underwriting: 363 million.
  • Debt Underwriting: 211 million.
  • Trading-Principal Investments: 10 billion. (more)

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