A Ray Of Hope

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Yes, you may have lost your job after being duped by Marc Dreier. Yes, Bernie might have made off with all your cash. Yes, you should be worried that the target rate is 0.00 - 0.25%. Yes, you can't make a buck in this market, country's going to hell faster than when that sonofabitch Roosevelt was around... too much cheap money sloshing around the world. The biggest mistake we ever made was letting Nixon get off the gold standard.
There is some good news though. Goldman's effective tax rate will be 1% for 2008, or about $14 million, and we've got that going for us, so that's nice.
Goldman Sachs's Tax Rate Drops to 1%, or $14 Million, for 2008 [Bloomberg]

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