If the rule for leveraging is 12 to 1, it boggles the mind to think of Goldman Sachs leveraging 333 to 1 (as the video below states). Either Goldman Sachs was pathetically bankrupt (and the Fed bailed it out to the tune of $590 billion in total) or Goldman Sachs can pay whatever bonuses it wants to for infinity. Neither prospect bodes well for the country. If there are rules about leveraging, then why isn't Goldman Sachs facing prosecution for this action alone? If Goldman Sachs takes huge risks, then it should pay for that risk itself; the taxpayer should not pay for any of the risk GS takes.
Goldman Sachs is paying itself pretty well: "Goldman Sachs Chief Executive Officer Lloyd Blankfein will receive a bonus of $24million this year Goldman Sachs President and COO Gary Cohn will receive a bonus of $24million this year." (by Daniel Bates at dailymail.co.uk on poorrichard's blog)
You can see the video here
