Sunday, November 22, 2009

NY Times to Goldman Sachs: Pay up to cut public debt

The NY Times is tougher on Goldman Sachs than the government.

in reference to:

"A New York Times editorial slammed Goldman Sachs for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt. The editorial, published November 21, attacked Goldman for everything from its top executive's failure to apologize properly for his investment bank's part in creating the crisis as well as Goldman's awarding of bonuses related to profits that the paper said were boosted by a government bailout. The Times sniffed at Goldman CEO Lloyd Blankfein's acknowledgment last week that his bank "participated in things that were clearly wrong," saying that he was not specific about what the company had done wrong and his remarks did not "come close to an apology.""
- NY Times to Goldman Sachs: Pay up to cut public debt | Reuters (view on Google Sidewiki)

No comments: