We all know what would have happened if Goldman lost on these bets…
No, I am not kidding. The Washington Post (Fox on 15th Street) applauded the big profits at Goldman, which will mean bonuses in the tens of millions of dollars for top performers. Goldman is able to make these payouts because it won with the bets that it made with taxpayers’ money. We all know what would have happened if Goldman lost on these bets.
(If you answered something like bankruptcy and unemployed managers, you obviously know nothing about modern economics.)