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February 8, 2010

Regulators Probe Goldman Sachs Role in Collapse of AIG
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The New York Times is reporting US regulators are investigating whether
the mortgage insurance market was improperly distressed in 2008 because
of payment demands that Goldman Sachs and other banks made on AIG prior
to the company’s collapse. The Times also reveals Goldman Sachs made
more money off the taxpayer bailout of AIG than has been previously
acknowledged. In addition to the nearly $13 billion of the AIG bailout
that was directly funneled to Goldman, Goldman received a portion of the
$11 billion that went to the French bank Soc Gen.



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