Friday, July 24, 2009

Goldman's Blankfein Deflects ‘Backlash’ by Paying Loans in Full

Bloomberg reports:
Goldman Sachs Group Inc. may have gone from public enemy to model citizen in eight days.

The most profitable firm on Wall Street paid 98 percent of fair market value to buy back warrants from the U.S. government this week, after BB&T Corp. and U.S. Bancorp paid less than 60 percent, according to University of Louisiana finance professor Linus Wilson.
Adventures in TARP financing.