3.23.2009

Goldman Sachs Raising Capital?

According to CNBC, Goldman Sachs may sell off some of its stake in ICBC with the potential to raise $1 billion in capital. Perhaps this additional cash will go towards paying back some of the borrowed TARP funds. If that is correct, GS may be on its way to making Jim Cramer's dream come true.

Goldman would seem the most likely to be able to do a full on capital raise as opposed to selling off assets, if private investors do step up it would be a very positive sign for the markets.

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