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2010-01-08 — reuters.com
In a lawsuit filed in New York state supreme court in Manhattan on behalf of shareholders, the Central Laborers' Pension Fund said Goldman had by September 25 set aside nearly $17 billion for compensation and might pay out more than $22 billion for the year. It said this "highlights the complete breakdown" of corporate oversight.
The lawsuit contends that Goldman's revenue for the year was artificially inflated by government bailouts of the banking industry and the insurer American International Group Inc, as well as a change in Goldman's fiscal year.
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Comments:
tvsterling at 10:10 2010-01-09 said:
This is an interesting development. Government is sold out to the banksters. Organized labor now has to come to the rescue with the aid of the Judicial branch. This makes perfect sense to me. The Banksters are the bosses of the bosses & therefore the sworn enemy of working people. Unless you have been living in a cave for the past several decades you know that the Banksters have led the fight to offshore, gut our industry & reduce ordinary American workers to poverty. What Congress & the President refuse to do; Orgainzed Labor & the courts will do for them. God Bless America. Permalinkadd a comment | go to forum thread
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