My News Record: Goldman Sachs to be paid more than $1bn if CIT fails, and US taxpayers would lose $2.3bn. Republican robber barons. Welfare for the bankrupt banks, for a war machine. The agreement with Goldman states that if CIT defaults or goes bankrupt, it ?would be required to pay a make-whole amount? that totals $1bn, .. Goldman extended to CIT $3 bn, US gov $2.3 billion. Goldman will get $1 billion back, US gov nothing. good deals between good boys. lets milk the US Treasury.

Sunday, October 4, 2009

Goldman Sachs to be paid more than $1bn if CIT fails, and US taxpayers would lose $2.3bn. Republican robber barons. Welfare for the bankrupt banks, for a war machine. The agreement with Goldman states that if CIT defaults or goes bankrupt, it ?would be required to pay a make-whole amount? that totals $1bn, .. Goldman extended to CIT $3 bn, US gov $2.3 billion. Goldman will get $1 billion back, US gov nothing. good deals between good boys. lets milk the US Treasury.

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