‘
Two major Wall Street banks have reported better-than-expected profits between July and September.
Goldman Sachs’ profits for the period were $3.19bn (£1.96bn), a four-fold increase from the same period in 2008.
It has set aside $5.35bn to cover pay and bonuses for the quarter, an average payout of $172,581 per worker.’ BBC 15 Oct 2009
http://news.bbc.co.uk/2/hi/uk_news/education/8309153.stm
Have thse Banks been projecting losses to get bail out earlier or are they cooking books now?
