{"id":191802,"date":"2009-06-22T23:05:00","date_gmt":"2009-06-23T04:05:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/06\/22\/not-enough-bullets-goldman-sachs-edition\/"},"modified":"2009-06-22T23:05:00","modified_gmt":"2009-06-23T04:05:00","slug":"not-enough-bullets-goldman-sachs-edition","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/06\/22\/not-enough-bullets-goldman-sachs-edition\/","title":{"rendered":"Not  Enough Bullets: Goldman Sachs Edition"},"content":{"rendered":"<p>Yes, the masters of the universe are once again going to <a href=\"http:\/\/www.guardian.co.uk\/business\/2009\/jun\/21\/goldman-sachs-bonus-payments\">make obscenely huge bonuses to its senior staff<\/a>: <\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm&#8217;s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.<\/p><\/blockquote>\n<p>Of course the very next paragraph seems to indicate that the nominal reason for these bonuses, retention of skilled staff, is not operative:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.<\/p><\/blockquote>\n<p>Lack of competition for <span style=\"font-weight: bold;\">business<\/span> implies lack of competition for <span style=\"font-weight: bold;\">employees<\/span>, but the bonuses keep going up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, the masters of the universe are once again going to make obscenely huge bonuses to its senior staff: Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm&#8217;s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,969,1004],"tags":[],"class_list":["post-191802","post","type-post","status-publish","format-standard","hentry","category-corruption","category-evil","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191802"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=191802"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}