Posted by: jhamon | June 23, 2009

I Wanna Be A Bank Holding Company When I Grow Up!

From the www.guardian.co.uk:

Image representing Goldman Sachs as depicted i...

Staff at Goldman Sachs staff [sic] can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.

Aren’t these the same guys who had to borrow $10B in TARP funds and become a bank holding company?  Well good news!  Crisis averted. 

They just made $2.5B – and Warren Buffet’s made $1B on his investment.

I want to be a bank holding company when I grow up!  Rest of the story here.

 

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