How Much Money Do Bankers Make Now?

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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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And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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