How Much Money Do Bankers Make Now?

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A lot, of course. The New York Times reports that Goldman Sachs, “which only recently paid back its government bailout money, will report blowout profits from trading on Tuesday”—$2 billion in four months. The company is set to pay out $18 billion in compensation this year, which works out to over $600,000 per employee. In addition to the TARP money it received, Goldman was a major beneficiary of the federal government’s bailout of AIG. But, you know, everyone does this sort of thing, so it’s all good. Move along now—nothing to see here.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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