Tuesday, January 26, 2010
A smoking gun?
NUCLEAR: Did Goldman Offer To Tear Up AIG CDS?
Remember, Blankfein testified in front of the FCIC at 10:12 AM on 1/13 that he never got a request to take less than 100 cents on the dollar for AIG credit default swap contracts. Well then what's this that Zerohedge dug up? As everybody knows, AIG got a huge government bailout in September 2008 to help make payments on derivatives contracts with banks, including Goldman. Yet in the previous month, Goldman approached AIG about "tearing up" its contracts, according to a November 2008 analysis by BlackRock, then an adviser to the New York Fed. WHAT?
Posted by devo @ 06:02 AM (1308 views)
3 thoughts on “A smoking gun?”
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devo says:
The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.
Abraham Lincoln
charlie brooker says:
Great quote, Devo.
Crunchy says:
Foresight is wonderful thing devo, wasted on the sanely insane.
Technocracy as with money, has no conscience.