Today’s chart porn is this lovely, lovely NYT showing of why Goldman Sachs is Da Man!, and everyone else on Wall Street are fighting for second place:
I love the quote in this para:
"Money soothes a lot of concerns, of course, and Goldman has had plenty
to spread around. Through the third quarter, Goldman’s $16.9 billion
compensation pool — the money it sets aside to pay its employees — was
significantly bigger than the entire $11.4 billion market
capitalization of Bear Stearns."
That should be their tagline: "Our bonus pool: Bigger than Bear Stearns’ market capitalization"
Goldman Sachs Rakes in Profit in Credit Crisis
JENNY ANDERSON and LANDON THOMAS Jr.
NYT, November 19, 2007