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The article only says that JP Morgan paid back the loans with interest. Did GS actually pay interest on the loans? Also keep in mind the returns also reflect
by veyron 15y ago
The article only says that JP Morgan paid back the loans with interest. Did GS actually pay interest on the loans?
Also keep in mind the returns also reflect stock appreciation (and buybacks of warrants)
- alttag 15y agoFrom TFA: "Goldman said it paid a one-time dividend of $425 million on its preferred stock." (Off of a "loan" of $10 billion USD.) The TARP moneys weren't "loans" in the traditional sense, but equity purchases or preferred shares, which allowed U.S. Treasury to impose some significant restrictions on how the company operated.