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Gov't made 23% on Goldman Sach's Loan
Posted by: rider ()
Date: July 22, 2009 05:00PM

http://www.marketwatch.com/story/government-made-23-supporting-goldman-firm-says

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Re: Gov't made 23% on Goldman Sach's Loan
Posted by: § ()
Date: July 22, 2009 05:27PM

And, how does that make you feel?

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Re: Gov't made 23% on Goldman Sach's Loan
Posted by: Registered Voter ()
Date: July 22, 2009 06:37PM

Well, if you look at the article and check the comments there, some of the readers made an excellent point that technically they should still be on the hook for AIG at around $11B additional.

But it sounds good for them to put it out in a release, and it certainly has helped their stock value.

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Re: Gov't made 23% on Goldman Sach's Loan
Posted by: WashingTone-Locian ()
Date: July 22, 2009 07:25PM

GOP behind the scenes: "Fuck! It's working!"

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Re: Gov't made 23% on Goldman Sach's Loan
Posted by: Registered Voter ()
Date: July 22, 2009 07:41PM

You see things behind rocks all the time, don't you WTL?

That piddly amount of return won't change a thing in the long run. I am glad they are paying it back, and long advocated that they should take up homes much like they did the commercial real estate when the S&Ls failed. The government made money on that too.

EDIT:
Quote

Reader Response »

"Goldman paid a 23% annualized return on a $10 billion investment... Goldman actually received $22.9 billion from the taxpayer when you include money funneled through AIG. If Goldman "wanted" to return ALL the money it received from the taxpayer, then they're still on the hook for another $11.482 billion."

- Insightfool | 12:50pm Today12:50pm 7/22/09



Edited 1 time(s). Last edit at 07/22/2009 07:43PM by Registered Voter.

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Re: Gov't made 23% on Goldman Sach's Loan
Posted by: moron ()
Date: July 22, 2009 07:51PM

GS bought insurance from AIG. AIG paid it so GS needs to pay it back? Doesn't matter where AIG got the money, they were obligated to repay it.

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Re: Gov't made 23% on Goldman Sach's Loan
Posted by: Pointing out the obvious ()
Date: July 22, 2009 08:28PM

It's not surprising that the politically-connected Goldman Sachs has had a tremendous short-term return, given the fact that the government allowed their chief competitor, Lehman Brothers, to fail.

Any business will do better if it's fortunate enough to have friends in high places willing to kill off its fiercest competitor.

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