Adrienne Gonzalez

Goldman Sachs, Morgan Stanley: Half Price on TARP Warrants?

"How about a license from the government to print money. "

bwhahahahahaha I love it. Can I give you 2 thumbs up? And let's throw in a big toe for good measure.


On Jul 22 01:49 PM Mad Hedge Fund Trader wrote:

> How about a license from the government to print money. It looks
> like Goldman Sacs is going to leg over the Treasury once again. It
> is buying back the warrants it issued the Feds as part of its TARP
> dole out for a mere $1.1 billion, giving a 23% annualized return
> on the investment. Why is the government selling? Do you think GS
> knows something about its future earnings the government doesn’t?
> Could this be the greatest example of insider trading of all time?
> Has anyone at the Treasury considered keeping free calls on GS to
> maturity, as Warren Buffet is with his paper? Then they might be
> worth $10 billion, or even $100 billion. I know that if hedge funds
> could get these warrants at the same terms as the Treasury, they’d
> be loading the boat. Safe to say that when GS shakes your hand, you
> want to count all of your fingers afterward.