That’s the message from Goldman’s CFO. Few of the banks wanted to get into business with the government and fewer will want to now that they are on the receiving end of an endless barrage of class warfare. Goldman intends to payback the TARP money when it can replace the capital or when the government changes its rules.
Markets have settled into their typical mid-afternoon torpor. EUR/USD trades quietly at 1.2850 and USD/JPY at 89.60.
