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Goldman Sachs Big Profits, and Possibly the Biggest Bonuses Boner

So, let’s see if I have this right. Goldman Sachs receives $billions in taxpayer-funded bailouts last Fall. And now, they had the most profitable period ever in the first half of 2009, so they pay the $billions back to the Feds to escape the obligations attached to the bailout money (that was extorted from taxpayers), AND still have enough to give themselves the biggest bonuses ever!

Hmmm. What exactly could have enabled Goldman Sachs to have the “most profitable” period ever within months after such a big national economic downturn, to make it possible for them to give themselves such prospective big bonuses? Was it the…TARP money? Did that…stimulate them?

There’s something very unsettling about all this. They did pay back the bailout billions. But, ethically, wouldn’t they owe the payers of what “stimulated” their huge profits, like one might pay for a service of some kind? Maybe it should be similar to what regular people have to pay for loans, like in “interest.” Or paying a professional “financial planner” to help regular people try to profit from what they have.

Well, I’m a proud capitalist, because capitalism is the only system that protects freedom, while socialism uses fascism to rob from people to give to others. In this case, Americans were robbed to “bail out” financial firms (based on the lies and threats of “doom and gloom”), but really it looks like people were fooled into making already rich people richer. Period.

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