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Reply #48: Here you go. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Skwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 02:49 PM
Response to Reply #45
48. Here you go.

http://www.time.com/time/business/article/0,8599,1886275-2,00.html

But some rivals point to the fact that Goldman had uncharacteristically piled into contracts with a single counterparty. "I am shocked that Goldman had this much exposure ," says an analyst at a competing bank. "This was a major failing, but they got bailed."

Among the biggest beneficiaries of the AIG pass-through, at $12.9 billion, was Goldman Sachs, the investment-banking house that has been the single largest supplier of financial talent to the government. Critics have been quick to note — and not favorably — the almost uncanny influence of former Goldman executives.

Hmmm... It's not really shocking if the scheme with AIG was hatched as a way to recoup their losses (aka raid the U.S. Treasury).
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