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To: stockman_scott who wrote (191433)3/18/2009 9:14:21 AM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
This is the real issue, not the bonuses, IMO. It's a question of scale, $200 million in bonuses vs. $20 billion (for Goldman alone) in AIG hedge payouts. This was Paulson's motivation for sabeing AIG, nothing more.....follow how and from where money has been sluiced into GS's coffers and you will find where the basic underlying problem (yet to be fixed) is with the banks and financial system.



To: stockman_scott who wrote (191433)3/18/2009 1:59:53 PM
From: geode00Read Replies (1) | Respond to of 306849
 
GS "always fully collateralized and hedged"

Yes, it had people in the current administration and in the new one.

Good hedging of bets.

So, if AIG failed and Goldman had hedged that failure, who was going to pay Goldman Sachs? Why did the US taxpayer take on all of this burden if GS and others had insurance on AIG's failure?

What?

How insane is this?


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