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Correct, they don’t want the government interfering with their bonus structure. Good for them. Capitalism at its finest.
In fact GS did the deal yesterday without any whiff of it by the market. I suspect they placed the $5B with in few closely held investors.
They did not allow for it to be oversubscribed.
GS wants to give back the TARP money for two reasons. They don’t want to have caps on pay (ie. bonuses). After it was made public that GS received $$$ from AIG to order the CDS swaps, they didn’t want to face AIG like rage from Joe Public.
chicken, your fascination with Broadway show tunes is beginning to intrigue me!!! 🙂
Yes, but in using the phrase “asking for $5B in new capital” you give others the impression that they are asking for a handout from the government and the taxpayer.
I bet the deal will be oversubscribed.
No it’s not a bailout but it is asking for $5bn of new capital – which I was I said!
You’re first video made me look up the “original”. Still sends shivers down my spine.
http://www.youtube.com/watch?v=Yt-IBJpEMzA
You waz toid, chicken, not foist. Oily boid gets the woim.
Yes, I remember that guy
WHOA, chicken…..GS is not “asking for new capital”. They are going to raise it through a stock sale in the open market at $123 per share. Subscribe or not if you want.
Don’t give these Asshats some idea that its another bailout. In fact they now want to pay back ALL TARP money ASAP.