Federal taxpayers received a 23% annualized return on their investment in Goldman Sachs. On Wednesday Goldman announced that calculation by combining the interest it paid before repaying the Treasury’s $10 billion principal loan with the warrant buyback payments it made this week.
Goldman as led the way this week with surprise Q2 earnings... profits made on the back of government support for the firms.
Several analysts agree that Sachs paid fair value for the warrants. But JPMorgan Chase continues to haggle with the government over the value of its warrants. Whether or not JPMorgan ultimately settles or forces the government to auction the warrants on the open market, the TARP program is certainly turning out to be a boon for taxpayers.
Wednesday, July 22, 2009
Taxpayers Earn 23% Return on Goldman TARP Investment
Spread Good News By Sharing This Article With Your Friends. Click the Orange Plus Sign...
Subscribe to:
Post Comments (Atom)
If you prefer RSS feed subscription...
...Click This Icon For The RSS Feed
Posts
Advertisers contact us at 
0 comment(s)... (click here to add yours):
Post a Comment
We want to hear from you, and you know you want to say something...