Goldman Sachs should give back $2.9 billion to taxpayers

[bobbyw24]

WASHINGTON — Irked that Goldman Sachs appears to have reaped a $2.9 billion taxpayer-aided windfall on an investment of a mere $20 million, some experts and watchdogs say the Wall Street giant should return the money to the U.S. Treasury.

"It's a very simple call to make," said Sylvain Raynes, a frequent Goldman critic who's an expert in the kinds of deals in which the investment bank landed an apparent jackpot. "They should never have been given this money, and they should give it back."

The assessment by the Financial Crisis Inquiry Commission also exposed a potentially huge regulatory omission in the rescue of the insurance giant American International Group, which was the conduit for more than $90 billion in tax dollars to U.S. and European banks.

Read more: http://www.mcclatchydc.com/2011/02/15/108802/critics-goldman-should-give-back.html#ixzz1E85RKO2j

 

[Travlyr]

Wall Street giant should return the money to the U.S. Treasury.

Goldman Sachs, "Whoops... 'our bad' :o." Here you go ... here are $2.9 billion pixels for you pesky taxpayers. If you need more, don't hesitate to ask... we're making huge profits now.