Goldman’s Earnings Down On Security Costs
Dec. 1- (The Stool Pigeons Wire) Shares of Goldman Sachs fell this morning on the announcement that its earnings will fall significantly due to expenses related to providing security for its partners and facilities. A $20 billion dollar contract with Homeland Security will be administered by Xe, formerly Blackwater, who will provide security for the firm. CEO Lloyd Blankfein noted the expenses will not effect the expected $35 billion in bonuses to be paid out this year for doing God’s work.