Jim Sinclair’s Commentary today:

"I am positive the "to hell with everyone" attitude of the major bonus receivers is in fact a statement that the bank’s prosperity was a gift from FASB and the huge spread between short and long money was a gift from the private bank, the US Federal Reserve.

Blankfein bonus could reach $100M.
Goldman Sachs (GS) CEO Lloyd Blankfein could take home a bonus of up to $100M, say bankers who were at the World Economic Forum in Davos. Blankfein took home a $67.9M bonus in 2007, and Goldman’s profits last year were $1.8B higher than in 2007, providing the bank a justification to pay him even more…..

From MIDAS today:

“Front Running the Markets and the Sickness Unto Death

"And that is the nature of Goldman. Gather up as many customers as possible, aggregate the available information to achieve a superior market view and then relentlessly extract rents from the marketplace. Better yet, tell yourself you’re smarter than everyone else and you’ve earned the rents from the symbiosis." ... James Rickards, former General Counsel of Long Term Capital Management”.