Goldmann Sachs pays $16.7bn in bonuses.

Recession is lots of people losing money and jobs. Recession is also opportunity. Businesses go bust, clients who were taken a day ago are now free for grabs and those who are still with someone else suddenly on the move for better deals. Goldmann Sachs is a company which is a prime example of a business doing well in recession. While Citigroup are struggling to stay afloat, GS break records and pay out $16,700,000,000 in bonuses to employees. That's about $430,000 per employee, ladies and gentlemen.

When economy was about to go down a lot of people suddenly started talking about things such as volatility of free markets and how governments should start intervening to stop the chaos of ridiculous risk taking. Well, I tell you what, you can change the system but you can't change the people. A year ago GS was accepting government help today it's paying out even more money than it did before. Don't get me wrong, I think GS are brilliant businessmen, they succeeded where a lot of companies failed but I think the core values of banking and financial services should change. Otherwise we will be going in to recession after recession.