Only days after Lloyd Blankfein, the chairman of Goldman Sacks made a contrite public display of calling Wall Street bonuses 'greedy,' growls Mrs. M, we see a volte face. Suddenly, as if this mea culpa never happened, Goldman announces that its' bankers are getting a 35% pay rise in the midst of the recession.  The bank has set aside a $4.7 billion compensation pot in bonuses for its staff for the first third of the year.

Ding Dong.  Did I miss something here, or is the bank saying on thing and doing the opposite?  I read that Goldman paid 973 bankers $1m or more last year.  Its' 28,000 staff, including 5,400 in London, are in line for increases in the bonus this year.

Does it ever occur to you that Goldman and Harvard Business School appear to be training camps for greed?  And Lloyd Blankfein's behaviour is an example of double speaking and double dealing? If it's confidence in the financial sector which is lacking to create economic recovery, this is not the way to go about it.  This seems to be a return to the bad old days when the bonus culture helped create the global financial crisis in the first place. 

Vince Cable, the Liberal Democrat Treasury spokesman, and a man we all trust, states, 'It was the bonus culture that led these institutions into taking high risks which led to their collapse.'  It seems some banks have not learned from the crisis, even though they make public PR declarations that they have. 

Whom should we blame for the meltdown of our economic system, if not those who have milked it dry?  That's those who have earned vast wealth risking our investments while we suffer loss of our incomes, jobs, homes, pensions, and peace of mind.  And it looks like Goldman Sachs is at it again.

You would think that Goldman would have more shame than to behave this way.  Or is the desire for money so strong that it overrules any dictates of conscience.  I guess there is no shame.  Not at Goldman Sachs anyway. Masters of the Universe?  Masters of Greed certainly.