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Analysts: Goldman Sachs Made $2 Billion Since March

HeadlineJul 13, 2009

Economic analysts are predicting Goldman Sachs has earned a staggering $2 billion since March. The bank’s stock value has soared 68 percent this year, and analysts predict the bank will pay a total of $18 billion in compensation and benefits this year — that’s an average of more than $600,000 per employee. Goldman Sachs has been a major beneficiary of the government’s bank bailout program. Last year the Bush administration quietly funneled $13 billion to Goldman Sachs as part of the bailout of the failed insurance giant AIG. The government also gave Goldman Sachs $28 billion in low-interest loans.

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