AIG Handouts
Chronology: Lehman fails, AIG is bailed out with $85 billion by US Government (out of which Goldman Sachs pockets $12.9 billion), Treasury Secretary Hank Paulson (ex-CEO of Goldman Sachs) announces $700 billion in TARP (out of which Goldman pockets $10 billion).Here are a few links on AIG handouts to Goldman etc. before and after its 85 billion dollar bailout ---
Duh: Goldman Sachs Killed AIG (GS, AIG)
As per this News Item, Goldman Sachs (GS) Group Inc. and Societe Generale SA extracted about $11.4 billion from American International Group Inc. before the insurer’s collapse as the firms demanded to hold cash against losses on mortgage-linked securities, according to regulatory filings. Goldman Sachs got $5.9 billion and Societe Generale received $5.5 billion of about $18.5 billion in collateral paid by AIG in the 15 months before the September bailout. Read more...
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