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Thursday, October 30, 2008

Goldman Sachs Ready To Hand Out £7bn Salary And Bonus Package... After Its £6bn Bail-out

Goldman Sachs is on course to pay its top City bankers multimillion-pound bonuses - despite asking the U.S. government for an emergency bail-out.

The struggling Wall Street bank has set aside £7billion for salaries and 2008 year-end bonuses, it emerged yesterday.

Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million.

The size of the pay pool comfortably dwarfs the £6.1billion lifeline which the U.S. government is throwing to Goldman as part of its £430billion bail-out.

As Washington pours money into the bank, the cash will immediately be channelled to Goldman's already well-heeled employees.

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Look how they are taking the piss and using your tax dollars and the british taxpayers money to line their own pockets.

When will you wake up and see what is happening and then DO SOMETHING ABOUT IT !

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