BUSINESS
08/22/2009 05:12 am ET Updated May 25, 2011

Goldman Sachs Redeems TARP Warrants, Taxpayers Make 23% Return

NEW YORK, Jul 22, 2009 (BUSINESS WIRE) -- The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has redeemed the warrants the U.S. government received in connection with its investment in the firm through the TARP's Capital Purchase Program at $1.1 billion, the full value the U.S. Treasury Department has determined.

While there are a number of ways to value the warrants, including through a public auction, we believe that in the context of the extraordinary actions taken by the government to help stabilize the financial system, this valuation of the warrants represents full and fair value.

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