Fun Facts … if you can laugh about greedy criminals

Some FUN FACTS … or rather some sad facts about Goldman Sachs … the mother of all investment banks … you know … the one with Government help, insider trading and the one, who made record profits by selling stuff to its clients and letting funds go “belly up” …

WHY? Just GREED …

If there were any honesty left in the U.S. … they would just close it down, send all management to prison … after taking their money

Here we go …

1. Goldman’s stock is trading at $69 a share, down almost 50% since Warren Buffett put $5 billion into the bank in late September and down 71% from its 52-week high.

2. Since Goldman’s initial public offering in 1999 the $60 billion-plus paid out in employee bonuses EXCEEDS(!!!) the company’s cumulative net income

3. Even in this dismal year Goldman will pay out more than $12.4 billion, or 47% of net revenue, as compensation and benefits, it is estimated.

Nice things … especially if it is true, that they would take a 50bln$ hit if AIG went belly up …

Every day, more bad news comes in … respect

GM and F … close to bankrupt … JPM cuts thousands of jobs … Citi will cut 50k jobs … a.s.o.

Merry X-mas … AUTSCH!!!

Tags: cars, Goldman

This entry was posted on Montag, November 17th, 2008 at 15:22 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.