Goldman Sachs' TARP Went to Buffett

by: John Olagues April 26, 2009

This article will demonstrate that the TARP subsidy given to Goldman Sachs (GS) was in effect given to Warren Buffett and Berkshire Hathaway (BRK.A).

First, we lay out pertinent terms of the Goldman Sachs TARP transaction with the Treasury:

Total TARP Cash outlay to Goldman = $10 billion effective October 28, 2008 (more)