what!

United States
December 19, 2008 5:57pm CST
I was just watching the news, and unless they are wrong Goldman Sachs just gave bonuses that were more than the money they received from the government. Apparently the other banks are doing the same thing but not to the same extent. This is RIDICULOUS, they are still doing it. Part of their defense was that the bonuses were down from lat year WHAT! I would say more but I'm too upset, obviously not speechless but close to it. Where's my bottle?
3 people like this
4 responses
@dawnald (85135)
• Shingle Springs, California
19 Dec 08
possibly they were contractually obligated to pay them , but still, outrageous...
1 person likes this
• United States
20 Dec 08
I know what you mean but still... they borrowed the money to pay their bonuses? How is that a bail out. Regards
2 people like this
@dawnald (85135)
• Shingle Springs, California
20 Dec 08
No kidding!
1 person likes this
@vellibiz (297)
• United States
21 Dec 08
That's what happens when the federal governement gives money with no String's attached. All these financial institution's have pensions to pay, the people recieving them may have grown on to bigger things, and may serve as a represenative of the company ( giving back to their roots), just like i rather get a job for a family member than a regualr joe of the street. Paying pensions sometime's earn returns, but only to that company. Hopefully there is a payment plan set up between gold and the feds, if not, this is ludacris.
1 person likes this
@anniepa (27955)
• United States
21 Dec 08
Between hearing what you posted above and what is written here: http://blogs.usatoday.com/ondeadline/2008/12/goldman-sachs-r.html ...I also wasn't speechless but what I said certainly isn't printable!! They got $10 billion from US, the taxpayers, they're still paying out up to $400,000 in bonuses and their tax rate for 2008 is 1%! WTF!! Annie
• United States
21 Dec 08
I agree WTF!
1 person likes this
• United States
21 Dec 08
I saw this as well, I posted something about this as well. It really didn't surprise me to hear that they were giving out bonuses, it surprised me that people were upset that they limited the amount to $400,000. Now last year, some employees made over a million in bonuses, but like you said this is a company that took $10 Billion in taxpayer money. I am sure it doesn't surprise you that Hank Paulson is the former CEO of Goldman Sachs. Just another example of politics at it's worse.
1 person likes this