Nov
6th
Fri
6th
Seven companies received about 82 percent of those benefits, the panel estimated. General Electric Capital was able to reduce its borrowing costs by about $1.9 billion, while Goldman Sachs saved an estimated $606 million. The other big beneficiaries were Citigroup, Bank of America, JPMorgan Chase, Morgan Stanley and Wells Fargo & Company.
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Break for Companies in Bailout’s Fine Print - NYTimes.com
…and alot of this saving instead of accruing to shareholders ie recapitalizing the banks (which however unpleasant is needed/for good of all, will be subject to a 50% vig via bonuses.
