Free Republic 4th Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $69,321
85%  
Woo hoo!! And now only $339 to reach 86%!! Thank you all very much!! God bless.

Keyword: gsfed

Brevity: Headers | « Text »
  • How Goldman Sachs gained from bailout of AIG

    01/30/2011 4:34:57 PM PST · by opentalk · 2 replies
    the Guardian UK ^ | January 27, 2011 | Dominic Rushe
    Documents given to the Financial Crisis Inquiry Commission show Goldman made $2.9bn on proprietary trades from AIG's bailout cash Goldman Sachs collected nearly $3bn (£1.9bn) from bailed-out US insurer American International Group (AIG) as a payout on bets it placed on its own account – with the bulk coming directly from taxpayers after AIG's rescue. The revelation was made in the Financial Crisis Inquiry Commission (FCIC) report into 2008's financial meltdown. According to the US government-sponsored FCIC, AIG's $182bn bailout was necessary because the insurer's collapse threatened "cascading losses and collapses" throughout the financial system. Goldman received $12.9bn of the...