Goldman to be paid $1bn if CIT fails, US will lose $2.3 billion

Goldman Sachs to be paid more than $1bn if CIT fails, and US taxpayers would lose $2.3bn. Republican robber barons. Welfare for the bankrupt banks, for a war machine. The agreement with Goldman states that if CIT defaults or goes bankrupt, it “would be required to pay a make-whole amount” that totals $1bn, .. Goldman extended to CIT $3 bn, US gov $2.3 billion. Goldman will get $1 billion back, US gov nothing. good deals between good boys. lets milk the US Treasury.

FT.com / Companies / Financial Services - Goldman to be paid $1bn if CIT fails: