http://www.dailymail.co.uk/news/worldnews/article-1081624/Goldman-Sachs-ready-hand-7BILLION-salary-bonus-package--6bn-bail-out.html#****_mccain_obama


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.
News of the firm's largesse will revive the anger over the 'rewards for failure' culture endemic in the world of high finance.
The same bankers who have brought the global economy to its knees seem to pocketing the same kind of rewards they got during the boom years.
Gordon Brown has vowed to crack down on the culture of greed in the City as part of his £500billion bail-out of the UK banking industry.
But that won't affect the estimated 100 London partners working at Goldman Sachs's London headquarters.
The firm - known as Golden Sacks for the bumper bonuses it pay its top bankers - is expected to cut the payouts by a third this year. However, profits are
falling much faster. Earnings have plunged 47 per cent so far this year amid the worst financial crisis since the Great Depression.
This has wiped more than 50 per cent off the company's market value.

Makes me sick.

me2

No pay cuts there, No?

I have been waiting on my bonous for 10 years. All I have done is take pay freezes so I can keep my insuance. I have not seen a dime more in 10 yrs!!!!

They have screwed us, the taxpayers. The bailout wasn't suppose to be for them to take home. What the hell is wrong with our country. It makes me sad.

me2

We have a bunch of criminals running our country...sadly, nothing new

They are robbing you blind, Americans, get them sorted out, organize marches, protest! Do what should have been done long ago, and good luck.

Yes, it's heading our [U.K.] way too.. I am ready.

Ill, I am beyond ill, I'm absolutely livid. I would gladly try to do something about this but I'm afraid I'd be in the minority. And I'm old enough and cynical enough to know that protests don't work unless you have mass numbers and even then, it's a crap shoot.

Of course, we could hit em where it hurts and anyone who has money/investments etc with them, pull it and put it with a company that is behaving responsibly, if there is such a thing, or buy a safe and keep it at home for a while.

Must be that evil investment banker union!!!

Those bastards!!

I can't believe more people aren't upset about this.

They havent been fed the right propaganda

Why would anyone get upset? Its just a bunch of white guys have a little fun