BUSINESS

Goldman Sachs' Profit Is Taxpayer-Funded

05/14/2009 05:12 am ET | Updated May 25, 2011

Karl Denninger notes that a nasty rumor is circulating about Goldman Sachs amongst observers of the Street. Allegedly, GS is about to report their second-best quarter in history, +$12 billion or so...

In this era of finacial disasters, credit crisis, and recession, how is that possible?

Easy. You -- and your grandkids -- are the ones who paid for it:

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