Goldman Sachs Defends Bernanke’s Plan to Buy Assets

Goldman Sachs (GS) economists defended Federal Reserve Chairman Ben Bernanke’s decision to pump billions of dollars into the economy, saying the move will boost economic growth.

The Fed’s plan to buy $600 billion of assets will improve growth and red…

Wall Street Traders May See Smaller Bonuses This Year

Wall Street traders, usually among the best-paid employees in the industry, may see drastic cuts in their take-home pay, Bloomberg News said.

Revenue in trading divisions has fallen by an average of 12% so far this year. Goldman Sachs (GS), which mak…