And here's what they're doing about it!
Goldman Sachs Group Inc., which took $10 billion from the U.S. Treasury in October, would like to pay back the money from the so-called Troubled Asset Relief Program, or TARP, said David Viniar, the firm's chief financial officer.
"It would send a very good signal" if the firm could repay the money [which apparently comes with BS string attached to it], he said. The firm would only do so if it got "the blessing" of the Treasury and Federal Reserve, he said at a Credit Suisse conference in Naples, Florida today.
I'm sure lately it probably feels like you can't swing your BSD without knocking into someone loudly proclaiming that "Wall Street as we know it is over." But take comfort, ladies. As long as Goldman Sachs is around, it appears as though ain't going to happen (at least as it relates to the Masters of the Universe bending the rules in their favor in order to continue taking home garbage bags full of money at bonus time, and really, what doesn't?).
Goldman Sachs Would Like To Pay Back TARP Money, Viniar Says [Bloomberg]