{"id":4241,"date":"2009-07-17T13:07:22","date_gmt":"2009-07-17T17:07:22","guid":{"rendered":"http:\/\/www.prosebeforehos.com\/?p=4241"},"modified":"2009-07-17T13:35:49","modified_gmt":"2009-07-17T17:35:49","slug":"another-great-quarter-for-the-corporate-mob","status":"publish","type":"post","link":"https:\/\/www.prosebeforehos.com\/word-of-the-day\/07\/17\/another-great-quarter-for-the-corporate-mob\/","title":{"rendered":"Another Great Quarter For The Corporate Mob"},"content":{"rendered":"

Last fall, the American taxpayer handed over $700 billion dollars to Wall Street because the American economic system would supposedly collapse if the big banks failed. Now, just 9 months later, the largest recipients of TARP bailout money are now posting record profits and handing out exorbitant bonuses. <\/p>\n

This past week, Bank of America announced a quarterly profit of over $2.4 billion [source<\/a><\/em>], Citigroup announced record profits of over $3 billion [source<\/a>], and Goldman Sachs reported profits of over $3.4 billion [source<\/a>]. Even worse, Goldman Sachs is going to distribute over $11.3 billion in bonuses to it’s employees this year, or over $1 million per employee.<\/p>\n

So, let’s just get this straight: the American taxpayer gave nearly a trillion dollars…. so banks could make record profits and so Goldman Sachs could distribute over $11.3 billion dollars to it’s employees. IN BONUSES ALONE.<\/strong><\/em> <\/p>\n

This isn’t capitalism, this isn’t socialism, this isn’t the work of the free-market… this is pure theft from the American taxpayer and the United States government.<\/p>\n

See Also:<\/strong> The real price of Goldman\u2019s giganto-profits<\/a>, Another Day, Another Bank Getting Rich Off Your Money<\/a>, How to earn money like Goldman Sachs<\/a>, Goldman is a little bit pregnant<\/a>, Letter sent to Goldman Sachs PR chief<\/a>, JPMorgan, Goldman Sachs Profit Surge is an Accounting Mirage, Not a Sustainable Sector Trend<\/a>, Free market economics for dummies (and Goldman Sachs)<\/a>, So Now Profits Are Bad News? The Demonization of JPMorgan Chase, Goldman Sachs and Bank of America<\/a>, Goldman Sachs returns<\/a>, Asset Sales Lifted Citi and BofA to Profit<\/a>, Glenn Beck Explains the Goldman Sachs Web<\/a>, As Bank Bonuses Swell, Congress Gets Bill on Pay<\/a>, and JPMorgan, Goldman Sachs Profit Surge is an Accounting Mirage<\/a>.<\/p>\n

[tags]bailout, tarp, goldman sachs, wall street, aig, bank of america, boa, citigroup, record profits, corporate bonuses, executive bonuses, revenues, theft, capitalism, socialism, cronyism, corporatism, thieves[\/tags]<\/p>\n","protected":false},"excerpt":{"rendered":"

Last fall, the American taxpayer handed over $700 billion dollars to Wall Street because the American economic system would supposedly collapse if the big banks failed. Now, just 9 months later, the largest recipients of TARP bailout money are now posting record profits and handing out exorbitant bonuses. This past week, Bank of America announced […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"yoast_head":"\nWall Street Takes America's Money And Runs<\/title>\n<meta name=\"description\" content=\"Last fall, the American taxpayer handed over $700 billion dollars to Wall Street because the American economic system would supposedly collapse if the big\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.prosebeforehos.com\/word-of-the-day\/07\/17\/another-great-quarter-for-the-corporate-mob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street Takes America's Money And Runs\" \/>\n<meta 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