IPFS News Link • Economy - Economics USA
Goldman buys back TARP warrants for $1.1 billion
• ReutersThe investment bank said it believes the value of the warrants, as determined by the Treasury, was fair.
As part of the Treasury's $10 billion preferred stock investment in the bank last fall, the government received warrants that would have enabled it to buy Goldman shares at a set price in 10 years.
Goldman has already paid back the $10 billion loan, as well as paying $318 million in preferred dividends on the investment.
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat
Telegram
Telegram
