Tuesday, July 14, 2009

Goldman's Big Quarter

Goldman Sachs of course reported a huge quarter, which was no big surprise. Zero Hedge covers it best, so I'll just defer to the experts on this one.

Interesting to see massively high trading revenues. You can't really blame Goldman, because its part of what they do and do it well. But it just feels like the taxpayer was played (not like they had a choice), and I expect this to continue.

Oh yeah, and compensation was up! All this when they reduced their workforce by 1%. $772,925 per employee.

Moving on...

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