Wednesday, February 04, 2009

Behind the soundbites

Actual news item on Bloomberg today...
Goldman Sachs Group Inc. wants to repay the $10 billion it got from the U.S. Treasury last year to signal the firm is healthy.
What this story actually translates to:
Goldman Sachs Group Inc. would like to continue paying clueless investment bankers millions of dollars in bonuses and does not really want to be shackled by the $500K limit on executive compensation that President Obama plans to impose on firms who have been bailed out by the Federal government.Cartoon ripped from here.

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