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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (101571)	2/22/2009 10:55:56 PM
From: bart13	5 Recommendations Respond to of 110194

Indeed... and it explains many others things too, like the Fed being unwilling to reveal what assets the Fed is holding from whom. The ultimate effect of shielding man from the effects of folly is to fill the world with fools. -- Herbert Spenser

To: patron_anejo_por_favor who wrote (101571)	2/23/2009 12:45:28 AM
From: Skeeter Bug	4 Recommendations Respond to of 110194

>>That would explain why LEH going under created such large dislocations (and why AIG would do the same had they failed).<< i think it is pretty simple to put the pieces of this puzzle together... paulson competed against lehman and they failed. paulson used to run goldman and AIG owed goldman $20 billion at the time of their demise... so paulson saved his old firm by delivering $80 billion cash to AIG so they could then deliver $20 billion to goldman. friends and family at its best.