Goldman Sachs

One watchdog says the strange giving patterns just shows “the financial industry isn’t sure what’s happening to itself.”

Less than two weeks after Goldman Sachs posted record quarterly profits, some congressional lawmakers are wondering if the Wall Street giant isn’t taking dangerous risks in its investment strategy — risks similar to those that led to the recent financial collapse.
In a letter today to Federal Reserve Chairman Ben Bernanke, 10 House lawmakers are asking [...]

I know it’s not helpful to have knee-jerk reactions to Wall Street pay, given that compensation is often more complicated than portrayed, but there’s no subtlety here: Bailed-out financial firms are on track to pay their employees as much, or more, than they were rewarded with during the pre-crisis days, The Washington Post reports.
Here are [...]

When Sen. Claire McCaskill (D-Mo.) Friday called Wall Street executives “idiots” for using taxpayer money to pay out $18 billion in bonuses, then proposed that compensation for the employees of all bailout recipients be capped at $400,000 per year, it surely seemed to many Americans like an obvious limit to place on the Wall Street [...]