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.
Economic News , Data & Views...... January 16 , 2017 ..... Quick Hits for Monday - 1) Martin Luther King Day Celebrated In US - Inspirational Quotes In Body Of Post. 2) Asia Overnight ( Monday ) - UK Sterling Down Against Most Currencies , Corruption in South Korea Takes Center Stage ( Nation Pension Fund Chief Indicted / Arrest Warrant Issued For Samsung's JY Lee For Bribery / Perjury / Embezzlement ) , Chinese Stocks Suffer 5th Day Of Losses - Although Stocks Recovered Toward End Of Session Off Earlier Lows Of The Day , Trump-Phobia A Recurrent Concern In Asia , Additional Items Of Interest. 3) Europe In Focus - UK PM May's Brexit Speech Set For Tuesday ( And Various Related Items Touching On Brexit ) , Italy Budget Problems Being Discussed With ECB / Ten Year Italy Bond In Focus As Spread With German Bund Widens After DBRS Downgrade , Trump Threatens German Carmakers With 30% Import Tariff , IMF Upgrades Growth Forecast For UK / Advanced Economies & Emerging Economies For 2017 / 2018 , Donald Trump Roils Europe , Netherlands Set To Follow Populist Path With Gert Wilders In Its March Election , Additional Items Of Note. 4) US Politics For Monday - Catching Up On what Donald Trump Has Said Or Done Since Friday & Transition Related Items. 5) Odds & Ends - Libya , Syria & Iraq In Chief Focus.
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