Goldman Sachs's New Palace Creates Princes, Serfs

[Joanne98]

NEW YORK—Goldman Sachs Group Inc.'s new headquarters in lower Manhattan has the kind of amenities befitting masters of Wall Street. The $2.1 billion steel-and-glass building has giant murals, opera-house ceiling heights, and a gym with overachiever fitness classes, like "Awesome Abs."

But a new class of haves and have-nots has emerged—even at Goldman where the notion of have-nots is relative. Outside offices are now reserved only for the firm's more than 300 elite partners. Managing directors, next down in the Goldman hierarchy, almost always get windowless inside offices.

http://online.wsj.com/article/SB10001424052702303828304575180581255747658.html?mod=WSJ_hp_editorsPicks

[Grand Taurean]

1. Why there should never be corporate bailouts.

See where the money goes to?

[dmallind]

3. Hell we made a 23% return on GS bailout spend. They can do that all day IMO. NT

[rfranklin]

5. If we used their business model we would have made over 200%...

and sent them into bankruptcy. It does matter how people make money, doesn't it?

[dmallind]

6. Well hey 23% is enough for me. Better than no return at all, and perfectly legal. NT

[Grand Taurean]

8. They should have been charged 79.99%* for the loans.

* rate is subject to increase on loan default or late payment

[BeyondGeography]

2. Creepazoid central

You'd have to be half-whacked to want to work there. Yes, I know, there are plenty of takers.

[lib2DaBone]

4. ..as Goldman Sachs Alum control the world economy...

Goldman's spread into the nation's school districts via the Eli Broad Foundation is most troublesome.

I'm not so sure the recent SB-6 School fiasco in Florida can't be traced from Jeb Bush back to Goldman Sachs. http://journals.democraticunderground.com/madfloridian/5951


If there is a dollar to be maipulated and stolen from the public... you can be assured Goldman Sachs is involved.

[rocktivity]

7. wrong forum, sorry

.