Yeah, Sure, Goldman Sachs Really Needed Those Bonds

You may recall that back in November and December, New York politicians handed over $1.5 billion in taxpayer-backed bonds to Goldman Sachs at the same time they publicly plead poverty and tried to cut blue-collar union workers' pensions. Today, we learn from Dow Jones' Marketwatch that Goldman Sachs said "said Tuesday that its first-quarter net income rose 64%, leaving analysts searching for superlatives to describe the performance and setting the bar high for Goldman rivals reporting over the next week." Yeah, looks like they really, desperately needed those bonds, huh?

COMMENTS: Go to Sirota's Working Assets site to comment on this entry