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THURSDAY, NOVEMBER 26, 2009
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Goldman Mulls Stock Offering to Repay Feds

Hopes to repay $10B government loan

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(Newser) – Hoping to pay off a $10 billion government loan, Goldman Sachs may take advantage of a rising market to make a multibillion-dollar new stock offering, the Wall Street Journal reports. Employees, investors, and executives all like the idea of cutting the government’s role in the firm, which has held up better than other financials in the crisis. The deal could be announced early next week.

Lloyd Blankfein, right, CEO of Goldman Sachs, talks at the New York Stock Exchange Friday, Oct. 10, 2008.
Lloyd Blankfein, right, CEO of Goldman Sachs, talks at the New York Stock Exchange Friday, Oct. 10, 2008.   (AP Photo/Mark Lennihan)
In this 2008 file photo, a man walks out of Goldman Sachs headquarters.
In this 2008 file photo, a man walks out of Goldman Sachs headquarters.   (AP Photo/Mark Lennihan)
In this 2008 file photo, businessmen visit Goldman Sachs in New York's financial district.
In this 2008 file photo, businessmen visit Goldman Sachs in New York's financial district.   (AP Photo/Mark Lennihan, file)
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radnip
Apr 15, 09 6:22 AM CDT
Bet you could get a few hundred million to pay off Feds if Goldman asked for executives to put their pay where their mouth is...oh, yeah, execs don't do that. That'd be like...*gasp*...having a stake in the company's long term future! ROFL! Sometimes I crack myself up. Reply
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