From the New York Times today
“Beset by charges of securities fraud, Goldman Sachs nevertheless showed Tuesday that it was still very good at what it does best: making money.
Earnings for the Wall Street giant rose 91 percent in the quarter, to $3.46 billion or $5.59 a share in the first quarter of 2010, while revenues increased 36 percent to $12.78 billion.
And now remember too
- About 43% of American families spend more than they earn each year.
- Average households carry some $8,000 in credit card debt.
- Personal bankruptcies have doubled in the past decade.
Hmmm I wonder who benefits from this system.