Tuesday, September 23, 2008

Paulson's former firm among largest beneficiaries of bailout

It certainly pays to be Treasury Secretary if your former firm is a brokerage house, a new study says. Goldman Sachs -- formerly run by Treasury Secretary Henry Paulson, and Morgan Stanley, stand to be among the biggest beneficiaries of his $700b bailout. Under the terms, banks will gain less, whereas brokerages will net more cash.

read more | digg story

No comments: