<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/89710af9-e79c-49f7-aded-0076dd424a99/9C055A58-7534-4FD5-B91E-B8F977F4DBBF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.alternet.org/workplace/141417/the_scandal_continues:_the_billions_in_govt._cash_behind_goldman%27s_/?cID=1265870" href="http://www.alternet.org/workplace/141417/the_scandal_continues:_the_billions_in_govt._cash_behind_goldman%27s_/?cID=1265870" style="font-size: 11px;">www.alternet.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141417/the_scandal_continues:_the_billions_in_govt._cash_behind_goldman%27s_/?cID=1265870"><P class="storyheadline">The Scandal Continues: The Billions in Govt. Cash Behind Goldman's "Profits"</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141417/the_scandal_continues:_the_billions_in_govt._cash_behind_goldman%27s_/?cID=1265870"><P class="storybyline"> <B> By <A title="View all stories by Matt Taibbi" href="http://www.alternet.org/authors/6535/">Matt Taibbi</A>, <A href="http://trueslant.com/">True/Slant</A>. Posted July 17, 2009.</B></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141417/the_scandal_continues:_the_billions_in_govt._cash_behind_goldman%27s_/?cID=1265870"><DIV class="teaserleft"> That Goldman Sachs is getting away with robbery is bad enough -- that they're getting praised for being so smart is damn near intolerable. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141417/the_scandal_continues:_the_billions_in_govt._cash_behind_goldman%27s_/?cID=1265870"><EM>Equity underwriting boomed during the period as dozens of banks raised money to strengthen capital and repay Troubled Asset Relief Program funds. The business reported record revenue of $736 million.via </EM></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141417/the_scandal_continues:_the_billions_in_govt._cash_behind_goldman%27s_/?cID=1265870"><P>So what’s wrong with Goldman posting $3.44 billion in second-quarter profits, what’s wrong with the company so far earmarking $11.4 billion in compensation for its employees? What’s wrong is that this is not free-market earnings but an almost pure state subsidy.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9C055A58-7534-4FD5-B91E-B8F977F4DBBF/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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