Goldman Sachs: Record of $23 billion in bonuses for 2009; explaining their economic parasitism
2010-01-03 0:00

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

White Women Are Getting Fed Up
2015-09-03 23:09
We are sick and tired of having our countries ruined, seeing our folk demoralized, and being hated and blamed for all of the worlds problems. We are speaking out, and standing up for our people. We will not let this continue. Let’s get this video trending on Twitter with #Whitewomenarefedup, and get this video to go viral! ... Read ...
Serbian government bans anti-mass immigration protests, and plans ahead for mass immigration
2015-09-03 22:54
Nebojsa Stefanovic, Serbia’s Interior Minister said protesters who are concerned about “an EU plan” to settle thousands of illegal immigrants into the country, will not be allowed to voice their concerns in a protest march on Monday, 31st of August. “We will not allow the expression of intolerance and hatred to be something that is characteristic of Serbia” said Stefanovic. “The Ministry ...
Iran Commander: We're Getting Prepared to Overthrow Israel
2015-09-03 22:51
As the White House secured their last needed vote to block a veto override in the Senate on the nuclear deal, Iran unleashed a double-pronged attack: vowing to block inspector access to some sites, and vowing to continue preparations to destroy Israel. Iranian Defense Minister Brigadier General Hossein Dehqan said today that the International Atomic Energy Agency — which inked confidential ...
Jailed for Not Marrying the Gays
2015-09-03 21:21
Five of six deputies in the office of a Kentucky county clerk taken into custody Thursday for her refusal to issue marriage licenses after the Supreme Court allowed gays to wed say they will process the paperwork starting Friday. But Rowan County Clerk Kim Davis, whom U.S. District Court Judge David Bunning found in contempt of court, said through her lawyers that she will not authorize ...
German Government Evict Poor Germans From Their Homes For Migrant Asylum Seekers
2015-09-03 2:40
This is a video of a report on replacement of poor Germans with Middle Eastern asylum seekers. This was made broudcasted on a German Left-leaning TV station on August 28, 2015. It's original title: The most poor of the poor have to vacate their homes for asylum seekers. Source: youtube.com
More News »