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After CEO pay limit announced, Goldman says it wants to pay back TARP

posted 172 weeks ago on Blown Mortgage

Yesterday Goldman announced it wants to pay back  the $10 billion it got in TARP funds — WITHIN THE YEAR. Yesterday President Obama announced a limit on CEO pay for execs at places that get government bailout money. Coincidence? If so, then Goldman is guilty of having some of the stupidest PR people in the world. This pretty much tells you everything you need to know about banks and bailout money - it was just another way to get their hands on some cash. Constantine von Hoffman is a veteran business journalist and author of the blog CollateralDamage.biz,  a satirical look at marketing and business.
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