Monday, June 1, 2009

TARP Repayment

Old Goldman Slacks wants to pay back the TARP money they got from the government. Good for them. I saw some hesitancy on the United States government's part in accepting the repayment. WTF? Take the money and run.

However Goldman wants to also eliminate the warrants that the government has on them. Now this is something that may be worth something to the government and taxpayers in the future. Goldman got the loan when it was in trouble. Now they need to truly pay us back. When I say us, I mean the taxpayers of America.

There is no doubt that Goldman Slacks now wants to get the government off its back in terms of executive pay and bonuses. This is true greed at its finest. I say let them pay back the TARP. The company is looking stable. Over the last 6 months, their stock price has doubled in value.