How Much Money Do Bankers Make Now?

—By

| 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.

Get Mother Jones by Email - Free. Like what you're reading? Get the best of MoJo three times a week.

Advertisement

 

Photo Essays + Slideshows

Portraits of Addiction

A Manhattan banker shoots portraits of drug abuse, sex work, and homelessness in the Bronx.

Garry Winogrand, John F. Kennedy, Democratic National Convention, Los Angeles, 1

Never Before Seen Photos From Legendary Street Photographer Garry Winogrand

Fourteen amazing scenes of life in America—and hundreds more where that came from.

CSI Desert: When Migrants Die, Who IDs Them?

The Anime Within

Fans of cosplay ask: Are you fact or fiction?

See All