http://www.bloomberg.com/news/2010-12-01/goldman-sachs-emergency-fed-loans-topped-24-billion-in-crisis.html
Did the SEC change the rules again and I missed it?
What's up with Sachs not reporting these loans?
It's a standard requirement.
God man how many veins where they tappin "us" from?
Goldman Sachs Group Inc., which rebounded from the financial crisis to post record profit last year, was a regular borrower from two emergency Federal Reserve programs in 2008 and early 2009, new data show.
The firm borrowed from the Fed’s Term Securities Lending Facility most weeks from March 2008 through April 2009, data released by the Fed today show. At the peak, Goldman Sachs borrowed $24.2 billion on Oct. 15, which included $18 billion for the firm’s U.S. broker-dealer and $6.2 billion for the firm’s London division, the data show.
In its quarterly filings with the U.S. Securities and Exchange Commission, Goldman Sachs didn’t disclose that it borrowed from the PDCF.
The firm also borrowed from the Term Securities Lending Facility, which offered longer-term funding than the PDCF’s overnight loans
The two largest TSLF loans to Goldman Sachs were $7.5 billion on Dec. 4, 2008, and the same amount on Dec. 31, 2008, the data show.
The firm also didn’t disclose its TSLF borrowing in its quarterly SEC filings, although it provided data on its borrowing to the U.S. Treasury.
