Comments on: Goldman Sachs and UBS Executives Will Forgo Bonuses

By: Flexo

Flexo — Tue, 18 Nov 2008 18:14:46 +0000

Steve: You're right, my brain must have slipped. I listed Goldman Sachs among the first recipients of bailout money.

By: Steve

Steve — Tue, 18 Nov 2008 18:03:16 +0000

Saying Goldman is not seeking government support would be hard to back up. They received a large capital infusion in the first round of TARP investments, they have been borrowing from the Fed at below-market rates since Bear collapsed and they were allowed to convert to a holding company to receive even more Fed aid.

By: RIP

RIP — Mon, 17 Nov 2008 20:58:09 +0000

Lets see, lost a lot of money got a government(taxpayer) bailout. I’m not sure these executives were entitled toa bonus.

By: Cwulf

Cwulf — Mon, 17 Nov 2008 17:51:07 +0000

Seeing as Goldman Sachs is also very guilty of taking advantage of their clients and markets over the past decade, I believe their executives are foregoing their bonuses to keep as low a profile as possible. Don’t be surprised to see many of these same “good guys” indicted for various crimes and negligence in the SEC and FBI investigations of how the mortgage market collapsed. This company is the Wall St kingpin and even Hank Paulson will have a hard time hiding.