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Good ol' bonus days are back for Goldman
NY POST ^ | 1/29/11 | MARK DeCAMBRE

Posted on 01/29/2011 3:15:40 AM PST by Liz

Goldman CEO Lloyd Blankfein bagged a $14.6M compensation package.....including stock awards, which were also paid to other top executives. Blankfein also got a 230% bump in his base salary to $2M, up from $600,000 since 2007....excluding private jets, cars and other perks. CFO David Viniar, COO Gary Cohn and Vice Chair Michael Evans received identical boosts, with each hauling in $1.85M annually. Blankfein's pay in the halcyon days of 2007, was $67.9M. Other firms have been hiking base pay at a time when regulators are mulling new rules for Wall Street pay.

(Excerpt) Read more at ...

TOPICS: Extended News; News/Current Events
KEYWORDS: banksters; blankfein; bonus; bubble; bubblemachine; crooks; crooksonwallstreet; goldman; goldmansachs; letthemeatcake; sachs; wallstreet; wallstreetcrooks

Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By Timothy P. Carney, Examiner Columnist, Nov 21, 2008

EXCERPT Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman Sachs can leverage its most valuable asset yet White House chief of staff Rahm Emanuel.

Traditionally a Democratic booster, and one of Barack Obama’s top sources of funds in this past election, Goldman has always had particularly strong allies in government.

Rahm Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s 1992 campaign for the White House. Clinton hired Emanuel as his chief fundraiser.At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but it’s one that has almost entirely escaped scrutiny. (snip)

In his four terms in Congress, Emanuel raised $74,750 from Goldman, making the firm his number four source of funds. Goldman has helped Emanuel. How has Emanuel helped Goldman? The most obvious answer, as mentioned in this column two weeks ago, is in Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulson—through the skeptical House.

Of course, back in the Clinton days, Goldman benefited from NAFTA and the bailout of the Mexican currency, with Emanuel pushing NAFTA through Congress, and Rubin hammering out the peso bailout.

Did Goldman improperly funnel money to the Clinton campaign by subsidizing Emanuel’s salary in 1992? Did Goldman’s help to Clinton spur the Democratic president to push NAFTA and the Mexican bailout?

The answers to these questions are opaque, and with Emanuel burrowed deep within the Obama White House, the continued relationship between Goldman Sachs and Obama’s right hand man won’t be easy to follow.

Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes.

SOURCE Goldman_Sach_Will_Be_Sitting_Pretty_With_Emanuel_in_the_Obama_White_House_112108.html

1 posted on 01/29/2011 3:15:45 AM PST by Liz
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To: FromLori; pissant

Awwwww, isn’t this sweet?

2 posted on 01/29/2011 4:01:29 AM PST by hennie pennie
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3 posted on 01/29/2011 4:10:20 AM PST by Milhous (Lev 19:18 Love your neighbor as yourself.)
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To: Liz

Both adminisrtaions had/have Goldman people in key policy positions. —it always benefits Goldman. They made out well on AIG, I think Palin and the tea party are such a threat because an out of network person may try and put an end to it.

4 posted on 01/29/2011 4:14:45 AM PST by opentalk
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To: Liz

Doing-Gods-work alert.

5 posted on 01/29/2011 4:57:15 AM PST by the invisib1e hand (talk to the hand)
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To: Liz

It seems that Goldman owns a good chunk of both parties, no matter who is in the white house they have their hands in the tax payers pocket.

6 posted on 01/29/2011 5:20:08 AM PST by org.whodat
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To: hennie pennie
Yes! While the government took our tax dollars to bail them out they are back to the lavish spending while we are still suffering. Thank you Obama!
7 posted on 01/29/2011 5:48:56 AM PST by RocketRoland
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To: Liz; FromLori
Goldman Sachs is the Accounts Payable and Accounts Receivable departments of The Government Party.

Today is a good day to die.
I didn't say for whom.

8 posted on 01/29/2011 5:57:39 AM PST by The Comedian (It's 3am all over the planet.)
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To: The Comedian

Every time I read stuff like this, it just ticks me off. All the older people lost their retirement funds.
The younger folks lost the savings they had in education funds for their kids.
We’ve all earned zero to nearly nothing on savings for several years now while paying fees for everything.
Our kids can’t get a job.
The new GM earned profits soon after our stock was declared worthless in the old GM.
Ford had the biggest profit in 10 years.
Chase and other big banks are pulling in bigger profits than ever before.
Insurance premiums are the biggest chunk out of our budget.
I know old folks who are paying medical expenses and supplemental insurance premiums before eating.
There’s talk every day of states and pension funds and social security going bankrupt.

And we the people are just standing around saying, “oh well.” When are we going to say, NO?

9 posted on 01/29/2011 6:06:30 AM PST by Jude in WV
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To: Liz

It’s just a NYC bailout, without taxes on bonuses the city is screwed. They have lived off Wall St. salaries for years.

10 posted on 01/29/2011 6:11:47 AM PST by DCmarcher-976453 (SARAH PALIN 2012)
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To: Liz

I am surprised at all the populists on a Conservative website. These replies look like what I’d expect to find at DU or Huff sites.

11 posted on 01/29/2011 7:16:36 AM PST by Padams
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To: Padams

“I am surprised at all the populists on a Conservative website.”

I’m surprised that anyone would support goldman sucks (Lloyd lifelong Democrat)or any of the too big to fail bank socialists we had to bail out especially knowing who they donated too. Socialism is socialism whether it’s for obama’s backers at the banks or not.

Barack’s Wall Street Problem is Now America’s

JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats

JPMorgan Chase Asked to Stop Funding ACORN

The Delicious Jamie Dimon: Obama’s “Favorite Banker”

“Blankfein, a lifelong Democrat, probably falls into the camp of Masters of the Universe who will quietly continue to support the president but won’t make many public comments or host big fundraisers.”

12 posted on 01/29/2011 10:00:43 AM PST by FromLori (FromLori">)
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To: hennie pennie

Just wonderful while the Fed’s printing once again props up his pals in the markets the elderly who did the right thing and saved their money are being eaten alive with inflation and a pittance in interest after losing a lot of their money because of these piggy bankers at the TBTF banks. Just think how sweet a deal that was they are rolling in the dough while hundreds of our smaller conservative banks failed taking jobs with them.

Fed siphons $100 billion from savers

13 posted on 01/29/2011 10:05:14 AM PST by FromLori (FromLori">)
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To: Padams
Exactly. They borrowed $10 billion for less than a year. Paid it back with over $1 billion in interest (and warrant proceeds). Bastards!

Let's not mention the nearly $16 billion they paid in income taxes since 2007, it might detract from the bashing.

14 posted on 01/29/2011 12:36:30 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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