What a relief – Goldman Sachs are doing well again

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.

Read More:  

http://www.nytimes.com/2010/04/21/business/21goldman.html?emc=na

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.

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