The bank said that it was working with its largest shareholder, the billionaire investor Warren E. Buffett, in a $500 million project to help 10,000 small businesses by offering them business and management education, mentoring and access to capital. Full Story »
Posted by Chris Finnie - via New York Times (Most Emailed)
It seems that the NY Times is pretty clear about why Goldman is making this "magnanimous" gesture (only a pitiful 3% of their employees salaries) which would indicate a reasonably accurate reporting of the truth. It also seems like the first two paragraphs make the point quite clear to the readers ot the NY Times (who are probably not your average American voters and might already have a reasonable understanding of the background to this story)...Goldman Sachs was naughty, Goldman Sachs is saying sorry and Goldman Sachs is handing out nickels and dimes pretty much like John D Rockefeller did in the last great depression to make friends and reinvent his tarnished public image.
