Goldman Sachs, the golden boy of Wall Street, is ready to get back on top. The firm plans on repaying its $10 billion Troubled Asset Relief Program (TARP) loan from the government as early as next month... making it the first bank to do so.
The bank could be racing to repay its loan for any number of reasons - one being that it has about $100 billion of cash and can easily afford it. The more likely reason is that Goldman doesn't want to run into any AIG-like problems when doling out its famous year-end bonuses.
As analyst Meredith Whitney said, "The guys who have the least chains around them will be able to run the fastest."
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Or Goldman may be trying to cut any association association with
a certain, former government official.
