Paul Krugman, on the massive bonuses that Goldman Sacks is preparing to hand out to their employees (an average of over $1 million per employee!), just a few months after the massive federal bailout, and why this is almost certainly very bad for America.
And Andy Borowitz reports that Goldman Sachs is in talks to acquire the U.S. Department of the Treasury. The big benefit would be that this will “streamline things”. The biggest problem Goldman Sachs has with the acquisition? “Trying to figure out which parts of the Treasury Dept. we don’t already own.”