Goldman Sachs: Record of $23 billion in bonuses for 2009; explaining their economic parasitism
2010 01 03

From: examiner.com



Goldman Sachs is among the most visible financial parasites. Their executives have a revolving door through the US Treasury Department. They profit through “trading,” much like Enron did; including selling investments represented as AAA while simultaneously betting the value of those investments tank. Their CEO says they’re “doing God’s work,” as Enron’s CEO said, “We are on the side of angels.” A US Senate report puts the parasitic cost to Americans at $2 to $4 trillion every year. To put that figure into perspective, that’s an almost unbelievable $20,000 to $40,000 added cost per US household every year. Goldman Sachs is so happy with their “trading,” they’ll pay out a record of $23 billion in bonuses to their top employees for their 2009 work.

There are professionals in economics and finance using the term “parasitism” in its literal sense to describe our US economy.

Read more: examiner.com



Related Articles
Chelsea Clinton Engaged to Goldman Sachs Investment Banker
Goldman Sachs Bankers Buy Guns to Defend Against “Populist Uprising”
Goldman Sachs boss says banks do "God's work"
Is the Singularity already happening at Goldman Sachs?
Goldman Sachs behind every market crash since 1920s
Goldman Sachs on pace for record bonuses: report
Warren Buffett buys into Goldman Sachs
Geithner: Auditing the Fed is a "line that we don't want to cross" (Video)


Latest News from our Front Page

EU on high alert as Germany accepts Ebola patients
2014 07 30
A German hospital has agreed to treat Ebola patients amid widespread fears of a possible outbreak of the deadly disease in Europe. Over 670 people have already been killed by the disease in West Africa with doctors struggling to control the epidemic. A German hospital in Hamburg agreed to accept patients following a request from the World Health Organization (WHO), Deutsche ...
Bolivia declares Israel terrorist regime
2014 07 30
Bolivia has declared Israel a “terrorist state” and revoked a visa exemption agreement with Tel Aviv in protest at the ongoing Israeli attacks on the besieged Gaza Strip. The move "means, in other words, we are declaring (Israel) a terrorist state," President Evo Morales said during talks with a group of educators in the city of Cochabamba ...
Pagan Traditions: Mysteries of medieval graffiti in England’s churches
2014 07 30
Medieval graffiti of straw kings, pentagrams, crosses, ships and "demon traps" have been offering a tantalising glimpse into England’s past. What do the pictures reveal about life in the Middle Ages? A project to record the graffiti, which began in Norfolk, has now been rolled out to other areas and is gradually spreading across England. Armed with just a torch and a ...
More Gigantic Holes Appear in Siberia’s ’End of the World’
2014 07 30
Is it the end of the world in Siberia’s ’End of the World’? Scientists suspect not, but they’re still investigating the strange and alarming holes that are swallowing up the Siberian north. This week two new holes have been discovered, and with similar characteristics as the first reported hole: a very deep shaft with smooth sides, debris surrounding the rim, and water ...
BLACKLISTED: The Secret Government Rulebook For Labeling You a Terrorist
2014 07 30
The Obama administration has quietly approved a substantial expansion of the terrorist watchlist system, authorizing a secret process that requires neither “concrete facts” nor “irrefutable evidence” to designate an American or foreigner as a terrorist, according to a key government document obtained by The Intercept. The “March 2013 Watchlisting Guidance,” a 166-page document issued last year by the National Counterterrorism Center, ...
More News »