Reporters asked House Majority Leader Steny Hoyer during his weekly briefing today for a reaction to the news about Goldman Sachs’ profits posted today. Hoyer (D-MD) said he could understand why people would have two “somewhat contradictory reactions” to the news.
He said on one hand, it shows that the efforts the last Congress and the Bush administration undertook to bailout the nation’s banks “had some success in stabilizing the marketplace,” and noted that Goldman has repaid taxpayers. But on the other hand, “one could have anger that an organization that got such very significant help” posts the profit “so shortly after it was in distress.”
He said the jobless or people with flat salaries could be “angered by guys on Wall Street seeming to come out of this very robustly after they caused very widespread distress throughout the country.”
