Monday, June 22, 2009


Well that didn't take long. Having repaid the TARP, Goldman Sachs is back on the bonus bandwagon.
Goldman Sachs on pace for record bonuses :
Goldman Sachs to pay biggest bonuses in 140-year history; Lloyd ...
goldman sachs new bonuses - Google News
Jesse's Cafe Americain Goldman Sachs Obtains Record Profits, to Pay Largest Bonuses Ever
The guys at RBS are at it as well
Outrage as RBS boss Stephen Hester gets £9.6m pay deal
For some reason, no one seems ready to acknowledge that
'this mess' is not cleaned up yet!
Equity markets worldwide have been correcting for the first time since their one-way rally beginning March 2009.
Looks like these banks are going to have another round of writedowns/bailouts/handouts soon; and just trying to get another round of bonuses through the gates, before the economy deteriorates any further!
I once again advise readers to follow the advice of 'experts' who have called this crisis correctly so far. (you can take a look to my blogroll for that! ).

Ignore the ill - timed advice of experts with terrible track records. Their expert advice could do you more harm than good.

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