Wednesday, July 22, 2009

Goldman 'warrants

Link

Goldman Sachs (GS, Fortune 500) said it paid the government $1.1 billion to redeem the stock-purchase warrants it issued Treasury last fall. The payment marks the first time taxpayers have recovered the full value of warrants issued to a major institution under the Troubled Asset Relief Program, one expert said.


"That sounds pretty good," said Rep. Dennis Moore, D-Kansas, said of the 23% annualized return taxpayers got on their $10 billion investment last fall in Goldman

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