The Goldman spokesman confirmed that the firm expected tax benefits from the charitable contributions and that it expected the funds being disbursed as loans would be repaid. “The program has a triple bottom line: We’re providing capital to underserved businesses, capacity building for CDFIs and a modest economic return to ourselves,” says the Goldman spokesman.
Statements to the effect that Goldman is a blood funnel jammed into the face of humanity have to be weighed against its philanthropic culture. From those who taken much, much is expected, as St. Luke said.
