Lucas van Praag and Dane E. Holmes, of Goldman Sachs (commercial bank), announce that GS has “repaid” its Troubled Asset Relief Program loans.
NOTE: GS did this by selling 100,000,000,000 dollars worth of its toxic (worth less) portfolio to the privately owned Federal Reserve System of (central) Banks.
[added 12/11/2021] Thanks to G. Edward Griffin for this entry.
Subsequent Events:
References:
EconomicPolicyJournal.com: Totally Busted: The Truth About Goldman’s Bailout by the Fed.htm
www.economicpolicyjournal.com/2010/12/totally-busted-truth-about-goldmans.html
Goldman Sachs | Press Releases – Goldman Sachs Repurchases TARP Preferred Stock.htm
www.goldmansachs.com/media-relations/press-releases/archived/2009/tarp-repurchase.html
Current U.s. National Debt:
