Goldman CFO says firm would like to pay off TARP moneyI’d love to see Congressional hearings on Hank Paulson’s and GS’s involvement in selling bogus MBS derivatives around the world, throwing lavish parties for the salesmen who took advantage of the “suckers,” and then placed bets against the very derivatives they were selling! This company is the worst of the worst, but JPM is derivative and stinky mess central. Both need to disappear. When they are gone, then we can work on developing a system that is free of corruption and works for the PEOPLE instead of the Pigmen central bankers. Radical? Give it a few more months to sink in, it won’t seem so then.
By Greg Morcroft
NEW YORK (MarketWatch) -- Goldman Sachs Chief Financial Officer David Viniar said Wednesday that the firm would like to buy back an investment made in it by the Treasury under the government's Troubled Asset Relief Program as soon as possible, but there are certain restrictions and nuances to doing it. Goldman likely needs to raise Tier 1 capital before it would qualify to buy back the investment, and that could be accomplished via a common or preferred stock offering, Viniar said. The CFO made it clear though that despite rumors in the market; he is not saying that the firm is planning a large common offering in March. He added that Goldman would only pay the money back with the blessing of the Fed and the Treasury.
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