[PAR35]

The existing common holders were pretty much wiped out anyway. Debt holders are going to be swapping debt for equity- they get all the upside, we (taxpayers) took all the hit. And it looks like unlike the taxpayers, Goldman is going to be paid in full.

[javachip]

Debt holders are going to be swapping debt for equity- they get all the upside, we (taxpayers) took all the hit.

Since the geniuses that came up with TARP bought preferred shares under the Capital Purchase Plan, the debt holders should be ahead of us.

See tagline for my opinion of the geniuses that came up with TARP.