Goldman's profit, bonuses raise concerns

07/15/2009 | NYTimes.com

Goldman Sachs repaid the government $10 billion in aid a month ago and posted a $3.44 billion profit in the second quarter, powered by the firm's secretive trading operations. The Wall Street firm is poised to dole out near-record bonuses. The development raises concerns for policymakers and industry observers that Goldman is encouraging excessive risk-taking and that rivals might try to follow suit. Goldman executives acknowledged that the situation has created a bit of a public relations issue.

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