Stacy Summary:  Our own Max Keiser is quoted in today’s Independent.   What are you saying this Sunday???

• Bonus boom time returns to Wall Street (The Independent)
  

Not everyone is celebrating. Financial analyst Max Keiser accused Goldman of running the US government, while US lawmakers attacked the firm for paying out juicy bonuses so shortly after the investment bank was rescued by the taxpayer. Mr Keiser, in the US magazine The Deal, described Goldman as “scum” and claimed it controls the Federal Reserve and Treasury, caused the financial crisis, and front-runs on every deal on the New York Stock Exchange.

But Goldman, used to such vitriol after a recent attack by Rolling Stone magazine, is defiant, arguing it has paid back the $10bn in taxpayers’ funds it borrowed from the TARP scheme and paid out dividends to taxpayers. Analysts say Goldman chief executive Lloyd Blankfein has played a blinder by sticking to a business model which everyone deemed dead and broken only a few months ago. While rivals such as Morgan Stanley have cut back on risks, Goldman traders have been out making markets in their traditional areas.

p.s. – Max also made it up to number 12 on the Viral Video charts. Could have been higher at some point, but we didn’t see it if it did. Anyway, good job @Danny! I know your computer/pitchfork was behind it all

Tags:   bonus · max keiser · wall street5 Comments