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Mar 28 / Jonathan

Your Tax Dollars at Work: Bailing Out Goldman Execs on Bad Bets

Your Tax Dollars at Work: Bailing Out Goldman Execs on Bad Bets

Hey, we’re all in this together. So, when an a worker loses their job, we give them a couple hundred of dollars a week for unemployment benefits. Or, if a mother working at a minimum wage job can’t buy health care for their kids, the government helps pick up the tab. Or, if some of the top executives at Goldman Sachs lose a fortune on their investments, Goldman uses taxpayer dollars to get them through the tough times, lending or giving them millions of dollars. Good reporting by the NYT.

—Dean Baker

The executives in question were “short on cash”. Not any more, it appears.