THE IDEOLOGIES OF BOTH THE LEFT AND THE RIGHT...:

Goldman, Others Getting Aid Are Eager to Pay It All Back (KATE KELLY and ROBIN SIDEL, 2/04/09, WSJ)

Goldman Sachs Group Inc. said it is determined to repay the $10 billion it got from the federal government as soon as possible, a move that would end the toughened scrutiny that came with the money. [...]

The move was discussed internally at a Goldman partners meeting last month, where Chairman and Chief Executive Lloyd Blankfein told about 250 top-ranking employees that repaying the TARP money was a priority for the investment firm.

Other financial institutions that got TARP money also are eager to return it. "We will redeem the TARP preferred [shares] as soon as is practical and in close coordination with the Treasury and the Federal Reserve," said a spokesman for Bank of New York Mellon Corp., which received $3 billion.

...forbid acknowledging that TARP will pay for itself.

Posted by Orrin Judd at February 5, 2009 9:14 AM