×

Goldman Sachs' Stock Sale: What It Means

Goldman Sachs priced its stock offering at $123 per share, or 5.5 percent below its Monday closing price.

The sale garnered some $5 billion — approximately 50 percent of the $10 billion the financial giant borrowed from the Troubled Asset Relief Program (TARP).

But with the Obama administration attempting to stop certain financials from repaying the TARP ahead of rivals, where does that leave Goldman — and the other big banks?

CNBC's David Faber reports on the "stratification between those institutions that can pay back their TARP money and those who cannot." (Watch Faber video, above.)

____________________________
Other TARP Beneficiaries:

JPMorgan Chase

Morgan Stanley

Wells Fargo

Bank of America

____________________________

_____________________________

Disclaimer