News for hackers. Stuff that matters.

A comment on Goldman Sachs Drops Out of R3 Blockchain Group. Parent comment

Re:Goldman Sachs Drops Out of R3 Blockchain Group by tootie on Monday November 21, 2016 @08:08PM (#13010790)
GS didn't receive any direct bailout funds. Only what it received via AIG which wasn't all that much.
[ Parent | on HN ]
Re:Goldman Sachs Drops Out of R3 Blockchain Group by CalChris on Monday November 21, 2016 @10:28PM (#13011387)
This is incorrect. Goldman Sachs received $10B which they repaid.

http://usatoday30.usatoday.com/money/economy/2009-04-14-tarp...

[ Parent | on HN ]
Re:Goldman Sachs Drops Out of R3 Blockchain Group by seanhunter on Tuesday November 22, 2016 @03:17AM (#13012543)
That's true. All the banks were forced to take bailout money because the concern was if a sound bank was allowed to refuse, shaky banks would either be punished in the market for accepting or worse would be pressured into refusing when they actually needed the money.

GS paid the money back literally as soon as they were allowed to.

[ Parent | on HN ]
Re:Goldman Sachs Drops Out of R3 Blockchain Group by CalChris on Tuesday November 22, 2016 @10:25AM (#13014712)
Not a GS fan at all. Arguably Lehman was gutted at their bidding. They only became a bank that September. Etc.
[ Parent | on HN ]