GS was at the top of the list for Henry Paulson. GS was not a bank who was involved as a financial lender for residential mortgages. I hope they eat it on the commercial loans. IMO the set up was the fall of Lehmans based on Paulsons info he no doubtedly shared with the other crook or Ceo - Crooked Executive Officer at GS, then shorted by GS's hedgie in the Caymans. One crook beating the other at their own game, but GS via Paulson showed Lehmans hand........Paulson hated Fuld, remember he was his competitor at one time.
Finally, we have Goldman Sachs (NYSE: GS) on the run. The investment banker clocked in with profits of $3.39 a share. Analysts figured that the firm would only be good for $1.64 a share.
Goldman Sachs is also making headway toward paying back its TARP capital, no doubt as a way to battle back against the public's unrest over the firm's taking $10 billion in TARP funds and clearing nearly $13 billion of the money that went to AIG (NYSE: AIG) as a counterparty to AIG's losing bets.
To pay off the Tarp loan GS is in the process of selling $5bn in common A shares to the public, this may be the first round...........Buffet should have waited to step in on his $5bn dollar investment in Pref shares, and purchased these.
