Goldman Sachs’ third quarter earnings statement is not expected to be pretty and will likely result in thousands of additional job cuts. Perhaps their current and future unemployed should join Occupy Wall Street.
The third quarter earnings statements are about to hit Goldman Sachs hard (down to $1.35 a share), with the banking titan (and all around ubiquitous force in American politics) aiming to axe thousands more jobs to save $1.45 billion, according to a New York Times article quoting a Goldman Sachs published report.
Sales and trading at Goldman Sachs have already taken a hit in recent quarters (when the $1.2 billion in savings cuts were announced), but now the investment banking and mergers & acquisition divisions are expecting the same.
Proposal: Those current and future ex-Goldman employees (and those formerly of other big banks) who haven’t found a job might think of joining Occupy Wall Street. The protesters would be happy to have their deep knowledge of the company and of investment banking, in general.
In all honesty, the growing protest movement needs a variety of participants, from ex or even current bankers and lawyers to scientists and farmers. It needs to encompass a great cross-section of careers and ethnicities to reflect the general opposition to Wall Street expressed in almost every corner of the country.
Indeed, the Occupy Wall Street protesters should attempt a recruiting effort.
September 27, 2011 at 6:40 pm, Phoroneus said:
Thank you for this, DJ. We’ll get right on that.
Cheers,
#occupywallstreet
September 27, 2011 at 8:58 pm, D. J. said:
You got it.
September 27, 2011 at 8:21 pm, Entisar4ever said:
You are welcomed to join us #occupywallstreet.
September 28, 2011 at 6:56 am, Paul Coonan said:
Looks like the TARP bubble didn’t last long! Reality hits hard like a brick wall!
September 28, 2011 at 6:56 am, Paul Coonan said:
Looks like the TARP bubble didn’t last long! Reality hits hard like a brick wall!
September 28, 2011 at 7:00 am, Paul Coonan said:
What we are also seeing here, and other mega corporations will follow suit, is a giant starting to eat itself. Gotta protect those record breaking executive salaries, right? It will be interesting to watch how capitalist greed consumes it’s own host.
October 04, 2011 at 6:55 pm, Jim Mooney said:
They not only wrecked the global economy, tell the PresidDont what to do (if anything) through their hireling Geithner, but also skyrocketed food and commodity prices through a government dispensation. What evil scum they are. Die, Die, Die – Goldman-Sachs.
Goldman-Sachs Geithner told the PresidDont to help the banks and screw the people. That worked well. We got out of the Depression with an infrastructure building program that created valuable infrastructure – roads, bridges, electrical systems, etc – which paid for themselves a thousand times over and enriched America. It hired millions of people, who then bought stuff and revived the economy. Since this actually Worked, our PresidOnt and the timid Deadocrats didn’t even suggest it since they were terrified Rush Limbug would call them bad names. What a bunch of worthless cowards. Now that they’ve lost the House, the PresidDont,who has broken every promise, is Finaly suggesting it as an election ploy that can’t possibly prevail against the tea party and republican house. But it’s good PR. Shy away from something that would have passed during the “Honeymoon” so you could fatten banks that Didn’t give loans, and sent our money overseas, then Finally propose what Worked to get us out of the Depression, when it can’t possibly win.
The Deadocrats and the PresidOnt are worthless. The GOP works for giant corporations. The Tea Party was co-opted by the billionaire Koch brothers, and preaches the billionaire’s line. We have NO party for the people.