Goldman Sach's new policy?

Goldman Sach’s going bankrupt, can you imagine? Employees lose their jobs, clients do not get their money back. The government had to save the bank with big loans, but is the current situation any better?

The investment bank did not change its policy after they were on the edge of bankruptcy, they even took more risks. Thanks to the Tarp program, Goldman Sach’s received lots of money unconditionally; a big mistake from the Treasury. Nowadays the bank still loans money from the government but they also grant billions of dollars to the top traders as bonuses. This way the tax payers’ money goes straight to the top managers of GS.

Kevin Rokegem

link: The Guardian