2009-11-04blogspot.com

"Today Goldman Sachs was ready to receive a cool $$$ONE BILLION$$$ fronm the CIT bankruptcy. The Godfather had a change of face... on October 30th, CNNMoney reported that Goldman and CIT reached an agreement in which CIT would reduce the size of its Goldman loan to $2.125 billion from $3 billion. In exchange, CIT will pay Goldman a mere $535 million -- including a termination fee of $285 million and collateral of $250 million."



Comments: Be the first to add a comment

add a comment | go to forum thread