And, my God, here she is: "The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $13.76 billion and net earnings of $3.44 billion for its second quarter." Although all these numbers are extraordinary, it's interesting that the Investment Banking unit is still down from last year; also Asset Management way down from '08. (Also interesting? Employment at GS decreased again-by just 1%, but you know, that's what, 900+ people? Hmm!) Anyway, go read it yourself, it has lots of graphs, yadda yadda, thing is, they are very rich, very rich indeed, and the most you will get is about $6 for every share you buy if you ride it till about noon.
Maxine Waters and Eliot Spitzer may disagree, but this isn't a bad thing. GS pays taxes on those earnings, as do their employees.
That is true! A bit over 30% of that is for taxes.
God Bless America
Is any of this money worth anything?
What I'd really like to know is if Bernanke's Secret Debt Solution will End the Financial Crisis? How can I find out more about this? Where should I go? If only there were a clickable advertisement. Sigh. Also.
Well? Which is it? "God bless America" or "No one should have advertisements on their websites so they can start paying contributors"?
A version of capitalism is the currently functioning situation. Here, we have to deal with that.