Goldman Sachs and other large companies are eager to repay the Government for capital investment Tarp.But none of them is no reason, the Federal Deposit Insurance Corp. .. Bond Guarantee Program is more advantages. Goldman (ticker: GS), the 29 billion of debt at low cost through the FDIC, the Bank of America (BAC), $ 44 billion and JP Morgan (JPM), $ 38 billion. In total, over $ 340 billion in debt sold in less than six months, setting the agenda for the call from FDIC temporary liquidity guarantee (TLGP).
After two percentage points in annual interest by selling the debt guaranteed by the FDIC, rather than through the issuance of debt in their own country. Goldman, could add $ 600 million of years of savings. All participants for the May figure of $ 7 billion.
Goldman believes that the Tarp consider the warranty program of temporary liquidity, which recognizes that an important source of funding. Goldman says that reimbursement Tarp not affect its ability to use the guarantee of the FDIC, which expires in the fall.
"As far as we know, are not bound together," David Wines, Goldman financial capital, said Tuesday in a telephone conference to discuss the company on Wall Street for the first quarter profit of 3, 39 per share, about two of the estimated consensus and support for TLGP game.
"Some participants in the program of the FDIC guarantee, that [it] is not a capital Tarp today, and we believe that Congress made clear that they really have an interest in investments in companies that have received capital Tarp," said Vini
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