Greedy Goldman Sachs To Pay Record Bonuses To Execs

When I read this story, it was simply too incredible to believe.

But since this Administration, as with the last Bush Administration, is far, far more concerned with Wall Street and the "global economy" than Main Street (i.e., the American people and their employers and constituents), absolutely nothing surprises me anymore with any of the news coming out of either Washington, New York or California. Two states and a district that really are in worlds of their own.

After all, both are states in which delusion, denial and drama offer huge paychecks. Even if it has to be manufactured. Now there isn't even any attempt to tone down the madness for public consumption in the slightest. Washington's denial and delusion (not to mention drama) goes without saying in each and every action lately that has been coming off the Hill. Delusion of their duties. Denial of the Constitution. Drama with the staged press releases and media appearances then thereafter.

The title of this article in referring to those erstwhile bankers, Goldman Sachs, as greedy is not politically incorrect. In fact, Gus Levy, a mass media proclaimed "celebrated" partner coined Goldman's slogan: Greedy, but long term greedy.

However, since Goldman Sachs was poor mouthing it to Washington less than a year ago about their impending doom and bankruptcy, it would appear even the slogan may need revision. And this financial concern has never come clean about its political connections nor financial status in the slightest with the American public.

How COULD Goldman Sachs have been near bankruptcy. After all, they are major owners and shareholders of the public/private entity that prints those U.S. dollar bills. The Federal Reserve itself.

Along with the British bankers. Who are located in the same country as the home office of AIG. Isn't globalism and merging national economies together great?

This way, when there is an earthquake in Sri Lanka, the ripples are felt all the way from China to the U.S. and back again. And then the British bankers just print more money, and roll the dice to see which country is going to take the fall for the shell shock.

And then, bet with the house and clean up in the process.

The chuzpah of that organization, excuse my Yiddish. I grew up in a predominantly Jewish neighborhood in my youth, and that clearly is the only word to describe it.

After their "payback" of their debt to the U.S. taxpayers (printing more money on those printing presses, it would appear), bonuses this year for the top executives will equal those paid in 2007 prior to their passion play for the U.S. public last fall dramatically interrupting the presidential election campaign cycle.

Which timing could have only been orchestrated by some of their major shareholders also, members of the mainstream media that clearly could not at all stick to the boring facts the public was dying to know with respect to the positions of both of the candidates the mainstream political parties served up for America this last election cycle.

Those debates were so choreographed as to have made Cecile B. DeMille proud. And most likely, some of those marketing directors and media reps for Goldman were consulted on some of those debates. Or some of their shareholders investors. Since most of these huge financial concerns hedge their bets and donate to both political parties in massive amounts through their various employees.

The ones who stand to get those six figure bonuses in order to creatively finance another GM or emerging industry that the taxpayers may have to bail out another ten years down the road.

I wonder if they were also on the stimulus money train? Since the American economy is still in the tank, whether the global econony rallies or not it sure will be harder and harder to find U.S. investors for some of their portfolios and riskier investments.

Since it would seem that Americans already have invested in Goldman's greedy long term success, even without a prospectus.

I wonder if those executives have been to Buffalo lately? Or across the river to Jersey? Or just the Hamptons?

http://finance.yahoo.com/career-work/article/107974/bonuses-put-goldman-in-public-relations-bind?mod=career-salary_negotiation