Tuesday, April 14, 2009

Goldman to Return Bailout Money

Stating that it never considered TARP funds to be long term capital CFO David Viniar said that it was the firm's duty to return the funds to the taxpayers as soon as it could, without negatively impacting the firm's financial profile.

Goldman is seeking to return over 10 billion dollars in TARP funds. While it's motivation may not be all noble - it would like to get out from under the compensation restrictions - it's desired outcome is certainly welcome.

A quick return to profitability may also help boost investor confidence, and the government could certainly use the 10 billion.
Post a Comment