2009-03-27bloomberg.com

Bloomberg has the story (we are lacking a link) on Goldman now floating the trial balloon of raising another $5B in equity to make up for closing out TARP:

March 27 (Bloomberg) -- Goldman Sachs Group Inc. may sell around $5 billion in stock if it returns the government’s $10 billion in Troubled Asset Relief Program money, said David Trone, an analyst at Fox-Pitt Kelton Cochran Caronia Waller.

“Our original view was that Goldman would not raise equity to offset the TARP payback,” Trone wrote in a note to investors today. “Now, however, with their stock up around $110, we wouldn’t be shocked to see a $5 billion or so raise.”

What's the matter, boyz, don't like actual strings being attached? Or are you more scared of the pitchforks and torches?



Comments:

howardbeale at 08:57 2009-03-28 said:
What a coincidence that Goldman just got a $12 billion payout for their worthless AIG CDS contracts from the US Taxpayers via the AIG bailout. Anyone else find another coincidence in the fact AIG's new CEO worked for Goldman and was handed the job from Hank Paulson, from Goldman? Or that Blankfein was in on the AIG bailout talks from the start? Connect the dots... Permalink

add a comment | go to forum thread