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From 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 "loa
by alttag 15y ago
From 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.