FCIC To Examine Goldman AIG Derivative Activity, Says Has Not Received Some Requested Information From GS
Better late than never. FCIC also adds it has not received some information requested from Goldman.
Although what are the going to find - that Hank Paulson used taxpayer money to bail out the firm, even as Goldman was betting against AIG and made billions, was made whole on all its impaired AIG collateral, had insider information on the firm's holdings courtesy of its own CDO efforts, covered its AIG CDS while allegedly in possession of material nonpublic information, and made billions in 2007 by shorting housing? Yeah, we know all that. And the best line of the year - Did Goldman make markets or make "Pyramids" FCIC's Thomas says.