Wednesday, January 19, 2011

Goldman Sachs Profit Drops 53%; Pays Out Bonuses of $15.3 Billion

Goldman Sachs's fourth quarter profit dropped 53% due to falling bond trading revenue. Shares of GS were down over 2% in Wednesday morning trading. Not to worry though; Goldman's bonus pile fell only 5%.

Naturally, we are still bullish on Goldman. After all, they do basically run the world, making them as close to the Illuminati as you can get. Plus they've got a good PE ratio.

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