ERRATUM: Goldman’s comp
(Update: An earlier version of this chart labeled the Y-axis “dollars in billions,” which is of course inaccurate. Apologies to folks at Goldman for implying that this year’s bonuses would make them quadrillionaires.)
Will have a column on Goldman’s earnings later in the day. In the meantime, thought I’d share a chart I whipped up this morning:
(click chart to enlarge in new window)
Privatized profits in a world of socialized risk. Gotta love The New American Capitalism!