Commentary: What Wall Street owes you

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Published in CNN.com July 15, 2009 by Janet Tavakoli, president of Chicago-based Tavakoli Structured Finance

Goldman Sachs Group Inc. announced record earnings Tuesday of $3.44 billion for the second quarter of 2009.

Goldman’s stock price leapt 77 percent for the first half of 2009, and closed Tuesday at $149.66 a share.

Without an ongoing series of front- and backdoor bailouts financed by U.S. taxpayers, most of Goldman’s record profits would not have been possible.

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