Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved
By Michael Snyder
Economic Collapse Blog
January 24, 2013
Why does it seem like wherever there is human suffering, some giant bank is making money off of it?
According to a new report from the World Development Movement, Goldman Sachs made about 400 million dollars betting on food prices last year.
Overall, 2012 was quite a banner year for Goldman Sachs. As I reported in a previous article, revenues for Goldman increased by about 30 percent in 2012 and the price of Goldman stock has risen by more than 40 percent over the past 12 months.
It is estimated that the average banker at Goldman brought in a pay and bonus package of approximately $396,500 for 2012. So without a doubt, Goldman Sachs is swimming in money right now. But what is the price for all of this “success”?
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