Goldman Prefers Bonuses to Bailouts
cityfile · 02/04/09 09:26AMNow that President Obama has announced a $500,000 compensation cap for senior Wall Street execs who work for banks that receive assistance from the federal government, Goldman Sachs has decided it would like give its bailout billions back. "It would send a very good signal if the firm could repay the money," said David Viniar, Goldman's chief financial officer. Guess this means Jon Winkelried can take his Nantucket estate off the market! [Bloomberg via Dealbreaker]