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To: Madharry who wrote (191135)3/16/2009 8:56:49 PM
From: geode00Read Replies (1) | Respond to of 306849
 
Liddy, new head of AIG was on GS's board and had to resign for conflict of interest. You think that $6 billion (or is it more) going through AIG to GS in the dead of night was a conflict?

bloomberg.com

"AIG’s Near-Collapse

“I was happy to see that AIG finally handed over the counterparty information we’ve been requesting for months,” said Representative Elijah Cummings, a Maryland Democrat on the House Oversight Committee. “However, I am deeply concerned that Goldman Sachs received so much money from AIG considering the relationships between the two companies. We will certainly be investigating this further to ensure that this is merely a coincidence.”

Henry Paulson, former CEO of New York-based Goldman Sachs, made the decision to save AIG while he was Treasury Secretary. He appointed Liddy, formerly CEO of Allstate Corp., whom he knew from the executive’s service on the board of Goldman Sachs.

“Goldman Sachs would have been unaffected by the failure of AIG,” said Michael DuVally, a spokesman for Goldman Sachs. He declined to comment on Cummings’s statement. Spokespeople for the other U.S. and European banks named by AIG either declined to comment or couldn’t be reached. "

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So GS can immediately turn over the $6 BILLION it received through AIG right? Right?