culture, politics, commentary, criticism

Tuesday, February 12, 2008
Soon only bankers will be able to change their sex. The rest of the USA can barely get medical insurance for routine problems, but bankers are rolling in coverage (
NYT Dealbook):
Goldman Sachs bankers and traders enjoy famously big bonuses and, this year, a little extra job security thanks to their firm’s ability to steer clear of the worst effects of the subprime mortgage debacle.

Now, they can add something else to the list of reasons why life is great at Goldman: free sex-change surgery. [...]

Goldman employees can undergo the procedure, which normally costs anywhere from $5,000 to $150,000, and have it paid for entirely by their medical insurance.

Goldman isn’t the first financial firm to cover sex-change surgery for its workers. A recent survey of more than 1,000 employers conducted by the Human Rights Campaign found that many banks, law firms and other large companies have added at least partial coverage of transgender treatments to their medical plans.

Bank of America, Wachovia and Deutsche Bank are among the firms who now cover such treatments to some extent, Fortune.com said.
Goldman is obviously incredibly forward-thinking because they were among the few banks to actually profit from subprime credit by simultaneously selling it and shorting it. Talk about identity ambivalence!

Think of free sex-change surgery as a stimulus package. (No, not that kind.) Sex-change coverage will stimulate the economy because bankers will have to get whole new wardrobes and makeup. Snap, snap!
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