Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Goldman Raking in Billions As Workers Face Looming Aid Cut

By Anna Peel. Originally published at ValueWalk.

Goldman Raking Billions Organizations Nonprofit confidence consumer business owners criminal records Main Street Lending Program PPP Program Statistics COVID Digitization new COVID cases lost lives coronavirus angel groups Idaho COVID-19 Judy Faulkner COVID-19 business Useful Apps

WASHINGTON, D.C. – Amid a global pandemic and economic crisis hurting small businesses and workers across the country, Goldman Sachs reported “blowout second-quarter earnings” today, raking in a whopping $2.42 billion in profit — a boon CNBC is calling the mega bank’s “biggest earnings outperformance in nearly a decade.” Goldman Sachs was able to capitalize on the trillions of dollars the Federal Reserve and the Trump administration injected into the economy to prop up credit markets.


Q2 2020 hedge fund letters, conferences and more

Goldman Sachs Raking In Billions As Trump’s Threatens To Cut Unemployment Insurance

Meanwhile, workers who lost their jobs because of the mismanaged response to the coronavirus are facing looming cuts to their unemployment insurance, which is set to expire this month. Although no end to the virus is in sight, and as the economy continues to sputter along, the Trump administration and its allies do not appear to have the same urgency to help the millions of workers affected as they do the nation‘s largest banks.

Rather than offer financial support to these newly jobless workers, the White House is urging them to “find something new” — even as the crisis continues to ravage the economy.

“The fact that Goldman Sachs is raking in billions as Trump threatens to cut unemployment insurance for millions of newly jobless Americans is a perfect encapsulation of this administration’s warped priorities,” said Kyle Herrig, president of Accountable.US. “Workers, not big banks, need help from their government right now. The Trump administration needs to start making people’s lives its priority.”


Accountable.US is a nonpartisan watchdog group that exposes corruption across all levels of government.

The post Goldman Raking in Billions As Workers Face Looming Aid Cut appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!