Paulson acts decisively to protect Goldman bonuses

Pioneer Press ^ | 9/28/2008 | Michael Lewis

[RDasher]

Anyone who caught even a sliver of Tuesday's hearings in the U.S. Senate on the proposed Treasury bailout of the mortgage-backed securities market knows the current financial crisis is far from over. Suddenly all sorts of previously unthinkable catastrophes seem possible.

[RDasher]

Unfortunately this commentary with a satire twist, is close to the mark.

[9YearLurker]

Lewis is very good.

[Lancey Howard]

BUMP for excellence!

[johnnycap]

I wish they would turn the shorts back on and let the hedge funds kill the beast that is Goldman Sachs.

[weegee]

S.O.B. = “Save Our Bonuses”

When I worked for a company that gave out bonus checks to the rank and file employees, we were told that we would only get bonus checks IF the company made a profit. We were told that our bonus would be dependent on such figures. Then when the CEO left amid corporate failure he got a $50 million dollar golden parachute.

SOB, lousy SOB policy.

[Earthdweller]

If rhe Republic goes down..Goldman goes down with us. It’s a bluff. Hold your ground!

[Earthdweller]

No bailout that benefits Goldman! They are creating their socialist empire on the streets of NY. 9/11 was nothing compared to this.

[M. Espinola]

What's good for Goldman Sachs is only good, as long as the taxpayers pay for every dollar (trillions that is).

[Doe Eyes]

No bailout that benefits Goldman! They are creating their socialist empire on the streets of NY.

What is socialist about Goldman Sachs?