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.
Was this what you meant to link?
Posted by: twitter.com/ddenizen | November 22, 2009 at 05:39 PM
Yes. Fixed it, thanks.
Posted by: Phil Cubeta | November 22, 2009 at 06:09 PM