Showing posts with label Goldman Sachs. Show all posts
Showing posts with label Goldman Sachs. 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.