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Goldman Remains Strong

While the rest of Wall Street is getting hammered by the credit crunch and the housing market but one thing remains clear…Goldman is king. Goldman managed to post a 2% profit increase for its fiscal fourth quarter. Financial advisory revenue hit $1.24 billion, up 98% from last year. And the firm set aside $20.2 billion for bonuses, which if dispersed evenly (of course it’s not) comes to $662,000 an employee. One thing is clear…this company is run by the finest Wall Street has to offer.

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