Goldman Mulls Stock Offering to Repay Feds

Hopes to repay $10B government loan
By Matt Cantor,  Newser User
Posted Apr 10, 2009 6:54 AM CDT
Lloyd Blankfein, right, CEO of Goldman Sachs, talks at the New York Stock Exchange Friday, Oct. 10, 2008.   (AP Photo/Mark Lennihan)
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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.