Tuesday, Apr 07, 2009
Something smells
MarketWatch: Government Sachs is in control
Until it was fully extricated, Goldman always characterized its exposure to AIG as "immaterial," and that its $20 billion notional exposure to AIG was hedged. Turns out that it was -- through government bailouts that didn't exist when Goldman entered the contracts.
A conspiracy theorist might think this run of fortune has something to do with the former Goldman executives having influential roles in the Treasury Department.
Posted by devo @ 10:08 AM (167 views) Add Comment
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