Matt Taibbi On Goldman Sachs' Profits
True/Slant:
So what's wrong with Goldman posting $3.44 billion in second-quarter profits, what's wrong with the company so far earmarking $11.4 billion in compensation for its employees? What's wrong is that this is not free-market earnings but an almost pure state subsidy.
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First Posted: 8/16/09 Updated: 5/25/11