Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (72622)	2/24/2010 8:14:23 PM
From: Haim R. Branisteanu	Respond to of 74559

US Sen Grassley Presses Goldman On Bond Underwriting Fees By Michael R. Crittenden Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A top U.S. Senate Republican on Wednesday raised concerns about the fees Goldman Sachs Group Inc. (GS) is earning underwriting the government's Build America Bonds program. Sen. Charles Grassley of Iowa, the ranking GOP member of the Senate Finance Committee, said in a Wednesday letter to Goldman Sachs Chairman Lloyd Blankfein that he is worried that taxpayers are subsidizing larger underwriting fees to the benefit of Wall Street banks. "Are these underwriting fees larger than the underwriting fees that Goldman Sachs has charged on tax-exempt bond issuances? If so, how much larger are these underwriting fees?" Grassley asked in the letter. Grassley said he was encouraged to write the letter after Goldman Sachs identified itself as a "principal underwriter" of the bonds in a newspaper advertisement. -By Michael R. Crittenden, of Dow Jones Newswires;