Front page news in UK newspaper for the masses, the Daily Mail:
"Goldmine Sachs: As jobless toll soars, investment bank's bonuses for staff are cut to a MERE £4.3 billion ($6 billion)
"Investment bank Goldman Sachs is to pay £4.3 billion in bonuses to its City workers. Despite the financial crisis and the spectre of soaring unemployment, staff at the bank will get an average of £142,600 each."
Nothing like jealousy is there?
As a front page headline, the Mail is saying that the Goldman bonuses is more important than the Bernie Madoff affair, the Fed cutting interest rates to nothing, BAA being forced to sell Gatwick and Stansted, the jailing of Rhys Jones's killer for 22 years or even that Rhys's killer's mum is a hooker (yes, that last one is from the Sun).
Anyways, back to the Goldmans story, it already has over 75 comments, including:
With a $2.12 billion loss, it's not a bad payoff for the world's worst year of banking results.