Nightline's Daily Line
Behind the Scenes at Nightline: Sneak Peeks, Updates, and Observations
Nightline's Daily Line is our blog, where you’ll be the first to find out what stories we're working on each day. Plus, our anchors, correspondents and staff share the latest behind-the-scenes information from the newsroom and the field.
RECENT POSTS
- 'Nightline' Exclusive: Firsthand Account of Fort Hood Shooting
- Closing Arguments: Obama and Election Day Implications
- Closing Arguments: Best Halloween Costume Ever?
- Closing Arguments: Regulate Extreme Self-Help?
- Closing Arguments: Congress Tackles NFL Head Injuries
- Closing Arguments: Computers in the Cockpit
- Closing Arguments: Scientology's Tax-Exempt Status
- Closing Arguments: Obama Slashing Exec Pay
- Closing Arguments: Does the 'Smart Choice' Label Mislead?
- Closing Arguments: Most Annoying Phrases? Whatever
MONTHLY ARCHIVES
« July 10, 2009 | Main | July 20, 2009 »
Closing Arguments: From Bailouts to Billions
July 13, 2009 11:25 PM
It's earnings week for many Wall Street banks and the Dow soared today on news that Goldman Sachs will announce huge quarterly profits tomorrow -- reportedly some $2 billion -- even after taking $10 billion in government bailout money. (Bailout money that has since been repaid.)
It is likely that such a profit could only be achieved through substantial risk, perhaps the same type of risk that contributed to the financial collapse.
So tonight, we ask you: Does the bank's big quarterly profit bother you? Should taxpayers have a say about how much risk they take?
Tell us what you think.
You can follow "Nightline" anytime on Twitter: http://twitter.com/Nightline.
July 13, 2009 | Permalink | User Comments (18)
