How Much Money Do Bankers Make Now?

| Mon Jul. 13, 2009 8:36 AM PDT

A lot, of course. The New York Times reports that Goldman Sachs, "which only recently paid back its government bailout money, will report blowout profits from trading on Tuesday"—$2 billion in four months. The company is set to pay out $18 billion in compensation this year, which works out to over $600,000 per employee. In addition to the TARP money it received, Goldman was a major beneficiary of the federal government's bailout of AIG. But, you know, everyone does this sort of thing, so it's all good. Move along now—nothing to see here.

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