Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts

Wednesday, March 25, 2009

Goldman Sachs

Goldman Sachs is looking at returning the $5b in TARP money that they received late last year. Street Insider has the news.

"Goldman also has the capital to pay back TARP, with a balance sheet with about $100 billion in available cash."

So tell me... If GS has $100b what is it that required our $5b so urgently. Why is it that just the threat of lost bonuses has sparked a hasty return? One wonders if it was necessary or wise to give away free money in a hurry.