Farcical Goldman Sachs bonuses signal return to business as usual says Vince Cable

CW
16 Oct 2009

Liberal Democrat Shadow Chancellor, Vince Cable
"People will be rightly furious to see Goldman Sachs paying out bumper bonuses just 12 months after it was bailed out by the US government," said the Liberal Democrat Shadow Chancellor.

Commenting on news that Goldman Sachs has set aside £10.3bn for bonuses, Vince Cable said:
"People will be rightly furious to see Goldman Sachs paying out bumper bonuses just 12 months after it was bailed out by the US government.
"It is farcical that so soon after the reckless greed of bankers brought the world economy to its knees, we are seeing a return to business as usual. 
"There is a fundamental problem that the banks which made it through the credit crunch can now operate in a near monopoly, with government backing, and reap massive profits.
"Bankers should spare a thought for taxpayers who bailed the system out, some of whom no longer have jobs."

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