Goldman Sachs wises up on stock warrants

Goldman Sachs has wised up.

Just a few days ago, the firm was haggling with the government over how much to pay for the stock-purchase warrants it gave the government as part of the deal under which it got $10 billion from the Toxic Assets Relief Program, which it has since repaid.

Today, Goldman Sachs (GS, Fortune 500) announced it has redeemed the warrants for a nice price (for the taxpayers): $1.1 billion. That's apparently about double what Goldman was offering when I wrote a few days ago that Goldman was "squabbling with the Treasury about how much it should pay."

Read Full Article from CNNMoney.com

- Posted: 2009-07-22 14:32:08

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