Blankfein may be speaking from experience: Goldman took $10 billion from the Treasury's Troubled Asset Relief Program in October 2008.
after taking part in the federal Paycheck Protection Program, despite being large firms with access to other forms of capital.so that small businesses would have a better shot at getting loans. The first round of PPP went quickly, and hundreds of thousands of small businesses were left in limbo while larger companies had greater success at tapping the program.
Blankfein may be speaking from experience: Goldman took $10 billion from the Treasury's Troubled Asset Relief Program at the height of the financial crisis in October 2008. Although it paid the funds back in less than two years, the move fueled public anger that financial firms had to be rescued after the industry helped cause the subprime mortgage crisis.
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