Tuesday, August 04, 2009

Goldman Sachs Princes Told : Spend Like Paupers




The New York Post reports:
Goldman Sachs CEO Lloyd Blankfein has warned his employess to avoid making big-ticket, high-profile purchases as the gold-plated Wall Street firm hunkers down amid a firestorm of public and political anger over outsize bonus payments.

According to sources at the bank, Blankfein has Goldman in particular, should be toned down in light of the billions in bailout money that banks, including Goldman, have gotten from Uncle Sam.
Where would Goldman be today without looting the taxpayers? Out of business.