Tuesday, 14 October 2008

There is something wrong with the bailout

Image courtesy of NYT

I am having trouble reconciling the numbers here:

Goldman Sachs 2007 bonus pool: 18.8bn USD

Warren Buffet to invest 5bn USD in Goldman Sachs with option to invest another 5bn USD more, apparently to give the company a 'vote of confidence'.

Goldman Sachs to receive part of 250bn USD capital injections from the US government.

I wonder what GS bonus pool for 2008 would be? Why didn't these GS folks save more for a rainy day - these guys were supposed to have foreseen the subprime meltdown!

1 comment:

kwayteowman said...

Out of curiosity, how is the finance sector in London holding out? :-P