So, if I went to the WSJ and told them I was going to lose 20 pounds they'd print it?
What are the politics of this?
The WSJ prints a big story saying that Goldman Sachs might be planning a stock offering to repay TARP funds.
Is this out as a repudiation, a bank saying they want out of TARP? OR is this story meant as an affirmation of progress, that a financial company could contemplate a major new stock issue and get back on its own feet?
My bet is on affirmation of progress because: 1) This story comes right as the Obama folks re-dive into the economy. 2) Geithner and the Treasury has more ties to Goldman than any other firm.
But I do think it's important to recognize that this is one big honkin' trial balloon. There's no commitment to action in it.
The WSJ prints a big story saying that Goldman Sachs might be planning a stock offering to repay TARP funds.
Is this out as a repudiation, a bank saying they want out of TARP? OR is this story meant as an affirmation of progress, that a financial company could contemplate a major new stock issue and get back on its own feet?
My bet is on affirmation of progress because: 1) This story comes right as the Obama folks re-dive into the economy. 2) Geithner and the Treasury has more ties to Goldman than any other firm.
But I do think it's important to recognize that this is one big honkin' trial balloon. There's no commitment to action in it.
posted by mikevotes at
7:16 AM
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