What Bailout? Goldman Sachs Back In the Money

By Tom Johnson

Jul 13, 2009 10:47am

Well, that didn't take long.  Are the 'happy days here again'?  The New York Times and others are reporting this morning that Goldman Sachs, long the envy of Wall Street, is about to announce that it is very much back in the business of turning profits.  Big profits.  It's expected the bank will announce tomorrow that it made $2 billion between March and June of this year.  Goldman has just returned the taxpayer bailout money aimed at getting the big banks stabilized.  The Times says that the bank is expected to hand out $18 billion in compensation this year. 

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