Investigate Goldman Sachs
By Christine Harper
May 6 (Bloomberg) -- Goldman Sachs Group Inc. reaped more than $100 million in trading revenue on a record 34 separate days during the first three months of 2009, up from the previous peak of 28 in last year’s first quarter.
For December, there were 10 trading paydays bigger than $100 million, the New York-based firm said today in a filing with the U.S. Securities and Exchange Commission. The first- quarter number was almost double the total for all of 2005.
Goldman Sachs, which took $10 billion from the U.S. Treasury’s bank-rescue program in October, reported a record $6.56 billion in revenue from trading fixed-income, currencies and commodities in the first quarter. :S:d1" onmouseover="return escape( popwSearchNews( this ))">David Viniar, the company’s chief financial officer, said on April 14 that the trading success was due to “favorable competitive dynamics,” wider margins and higher volatility.
Are you offended by this? (in a zero sum game, who were the losers?)
They did it with taxpayer money too.
Write your Congressional Delegation and give them a piece of your mind. Then give the White House a call and share your thoughts with them too.
I will be.
Categories: Speculation
Tags: collusion Sachs trading banking Goldman TARP insider government money Investigate profits regulations Paulson Bernanke chinese wall
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