Paul Krugman, on the massive bonuses that Goldman Sacks is preparing to hand out to their employees (an average of over $1 million per employee!), just a few months after the massive federal bailout, and why this is almost certainly very bad for America.
And Andy Borowitz reports that Goldman Sachs is in talks to acquire the U.S. Department of the Treasury. The big benefit would be that this will “streamline things”. The biggest problem Goldman Sachs has with the acquisition? “Trying to figure out which parts of the Treasury Dept. we don’t already own.”
3 Comments
From Huffington: “Andy Borowitz is a comedian…”
Saying that he “reports” this is misleading, seeing as it’s a joke. Maybe “jokes” would be a better choice.
I thought it was obvious that Borowitz’s report was a joke, even if you didn’t already know he is a comedian.
And, this *is* a humor site.
Goldman Sachs is doing fantastically well (see last week’s release of last quarter profits).
As Simon Johnson (MIT) points out, it has a lot to do with the same reasons that JPMorgan Chase is also doing well:
Lehman Brothers and Bear Sterns (their competitors) are gone.
One Trackback/Pingback
[…] And Andy Borowitz reports that Goldman Sachs is in talks to acquire the U.S. Department of the Treasury. The big benefit would be that this will “streamline things”. The biggest problem Goldman Sachs has with the acquisition? “Trying to figure out which parts of the Treasury Dept. we don’t already own.” Please Bookmark/Share » […]