Tuesday, March 31, 2009

Goldman Sachs Welfare Case

Total Goldman Sachs Employee Compensation: $10,934,000,000
Employees: 30,067
Average Pay: $363,654 (including janitorial staff)

Bailout Money: $10,000,000,000 to avert bankruptcy
Bailout Money funneled to GS through AIG: $12,900,000,000
Total Taxpayer Welfare: $22,900,000,000

Taxpayer loss per Goldman Sachs employee: $761,632

Despite running a massive loss, CEO, Lloyd Blankfein personally pocketed $60,000,000 in taxpayer funds, authorized by Congress and Barack Obama.


  1. I remember the day Goldman Sachs were going to collapse last year, and I bought puts on them (and cheered their death as the most evil of american companies), and the corrupt government suddenly bailed out everything in site with the first round of TARP directly on cue.

    Literally hours before GS was wiped off the planet by the stock market...the first trillion in bailouts showed up out of nowhere.

  2. There has to be a lot more to the GS story.
    Someone needs to dig deeper if they don't value their life.

  3. FDR

    You are probably the best watch dog !


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