(Figures that Government Sachs would be the one to figure out how best to 'blow up' and 'rip the face off' the taxpayer. I believe that 'government-guaranteed issuance' helps explain why risk premiums are increasing on CDS for Amerikan sovereign debt. Do you think this will be limited to banks? -AM)
Nov. 24 (Bloomberg) -- Goldman Sachs Group Inc., the biggest U.S. securities firm to convert to a bank, plans to sell notes in the first offering of debt backed by the Federal Deposit Insurance Corp., according to a person with knowledge of the transaction. Goldman is leading banks in what analysts said may be a wave of as much as $600 billion of government-guaranteed issuance.