US Taxpayers Get a 23% Return


	US Taxpayers Get a 23% Return

DanaGarrett

7-22-2009 11:22 PM

95 views

DanaGarrett says:

Boo hoo for you conservative Republicans and Libertarians. Instead of the dire consequences you predicted, the bailout is already starting to work for both the companies it helped and the taxpayers. Goldman Sachs is ALREADY giving us a 23% return on our tax dollars. We are ALREADY making a good return on the bailout--just like what happened in Sweden.

How sad for you.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ba56a9a4-1a19-45ff-934d-400e2281c268/755D4AFE-E191-4155-80B5-A70412F5A94A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=a6pS.2Pr7bdQ" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a6pS.2Pr7bdQ" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=a6pS.2Pr7bdQ"><A href="http://www.bloomberg.com/apps/quote?ticker=GS:US">Goldman Sachs Group Inc.</A>’s
repayments to the government of last year’s bailout money,
including an agreement today to repay warrants, generated a 23
percent annualized return for U.S. taxpayers. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=a6pS.2Pr7bdQ">Goldman Sachs agreed to the Treasury’s request for $1.1
billion to repay warrants the government received when it
invested $10 billion in the New York-based firm last October.
The payment is in addition to $318 million in preferred
dividends.     </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=a6pS.2Pr7bdQ">That 23 percent return compares with the 42 percent surge
in Goldman Sachs’s <A href="http://www.bloomberg.com/apps/quote?ticker=GS:US">share price</A> since October, and the 5.1
percent gain in the Standard & Poor’s 500 Index. Goldman’s
decision follows criticism of the bank by lawmakers who
questioned its decision to set aside a record $11.4 billion to
pay employees in the first half of the year.     </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=a6pS.2Pr7bdQ">The company’s warrant transaction “was the best deal for
taxpayers yet,” said <A href="http://search.bloomberg.com/search?q=Linus+Wilson&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Linus Wilson</A>, a finance professor at the
University of Louisiana at Lafayette.     </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/755D4AFE-E191-4155-80B5-A70412F5A94A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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