Robert Weissman

By John Terrett in Business on November 16th, 2009
Photo by AFP

Protesters gathered outside the Washington DC headquarters of Goldman Sachs on Monday.

They were there to protest the giant bank's plans to pay out more than $20bn in bonuses to executives in 2009.

They were also angry Goldman's spending millions of dollars lobbying Congress against so called "too big to fail" legislation that would give authorities power to break up complicated companies if they show signs of getting into trouble.

"Goldman Sachs is at the cutting edge of the most abusive practices that are taking place on Wall Street and in Washington DC," Robert Weissman, president of the Public Citizen consumer advocacy group, told Al Jazeera.

"This year alone they're planning to pay themselves more than $20bn in bonuses and executive compensation payments, the same year that Wall Street has received trillions of dollars in public support just to stay in business."