Goldman and the Government

http://www.futureofcapitalism.com/2009/08/goldman-and-the-government

Goldman Sachs "paid back its bailout money last month," the New York Times reports in an article that also paraphrases the firm's president as saying "that Goldman had no government backing." Only near the end of the article is it noted that Goldman "has issued billions of dollars of bonds guaranteed by the Federal Deposit Insurance Corporation." Actually it is about $29 billion worth of bonds, though the FDIC, in yet another example of the government making it hard for Americans to find out how their money is being spent, "does not report names of issuers."

by Editor  |  Aug 6, 2009 at 6:21 am Related Topics:  Capital Markets Regulation, Goldman Sachs, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list