From NYT Online, The Great Goldman Sachs Fire Sale of 2008

The Great Goldman Sachs Fire Sale of 2008

By WILLIAM D. COHAN

William D. Cohanon Wall Street and Main Street.

TAGS:

FEDERAL RESERVE,GOLDMAN SACHS,PRESIDENT OBAMA,TREASURY DEPARTMENT,WALL STREET

In an interview last week, President Obama said he didn’t begrudge Jamie Dimon, the chief executive of JPMorganChase, and Lloyd Blankfein, the head man at Goldman Sachs, their 2009 bonuses of $17 million and $9 million, respectively. He said that while $17 million was “an extraordinary amount of money,” there are “some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”

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