Goldman Sachs Loans NYC $10M in First 'Social Bond'

Goldman Sachs Loans NYC $10M in First 'Social Bond' Play

Bloomberg's Diedre Bolton takes a look at a loan by Goldman Sachs to the City of New York, designed to fund a social program and return the investment once kids are kept out of jail. Mayor Mike Bloomberg, owner of our parent company, supports the program by guaranteeing $7 million of Goldman's investment through Bloomberg Philanthropies.

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