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Goldman Sachs reported its earnings today. For the quarter, profits from trading and principal investment were $10.03 billion, up from $2.7 billion for the same quarter last year. A year ago the company was saved by Treasury Secretary Hank Paulson, intervening on its behalf. So it is interesting, to say the least, that last year’s flirt with disaster turned out to be so great for Goldman Sachs
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Alan Schram: Financial Crisis Worked Out Well for Goldman Sachs
Posted October 15th, 2009 in Business by admin. Tags: a-very-large, actually-trade, Disaster, disaster-turned, Earnings, employees, Financial Crisis, gaussian, goldman, Goldman Sachs, Models, Principal Investment, Quarter Profits, same, Schram, teetered-on-the, Treasury Secretary, Value At Risk, valued-at-what
