Re:Warren Buffett: Pretty Good for Government Work
by gg25 on Wednesday November 17, 2010 @07:48AM
(#1914007)
Your statements are very misleading. Goldman was forced to take TARP, as did other major banks. Goldman then repaid TARP, with 20+ percent interest. That is, taxpayers actually made billions more on the loan to Goldman Sachs. Implying that TARP benefited Warren Buffett in any direct way is absurd.
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Re:Warren Buffett: Pretty Good for Government Work
by yummyfajitas on Wednesday November 17, 2010 @08:59AM
(#1914191)
Goldman didn't directly benefit from TARP money paid to them, but they gained tremendously from TARP money paid to AIG and other counterparties (which neither they nor AIG paid back).