After today’s earnings report, Goldman Sachs employees may be eligible for average pay packages of as much as 900,000 dollar. Second-quarter earnings reported today were up 65 percent compared to 2008, totaling 13.76 billion dollar. Last year the average pay package at the Wall Street bank was a mere 363,000 dollar.

Last month Goldman Sachs repaid 10 billion dollar of government aid (TARP) that it received after the collapse of Lehman Brothers in September 2008. As I suggested in Friday’s column, Goldman Sachs may have done so in order to get rid of the US Treasury’s interference with its pay practices.

However, Goldman Sachs also received 14 billion dollar from AIG, after the US government came to the insurance conglomerate’s rescue with 178 billion dollars. No word that it will repay that money to the US government as well.