Did Goldman Sachs Group (GS) force American International Group (AIG) into the arms of the U.S. government? AIG, the financial institution now 79.9%-owned by the U.S. Treasury, cost taxpayers $182.3 billion in cash and guarantees, and paid Goldman $12.9 billion as part of a backdoor bailout. Now, the The New York Times has the nerve to suggest that Goldman's demands for money are what shoved AIG over the edge.

Continue reading SEC Investigating Goldman Over AIG Collapse

SEC Investigating Goldman Over AIG Collapse originally appeared on DailyFinance on Mon, 08 Feb 2010 16:29:00.

Filed Under: Economy, Goldman Sachs , American International Group, INC., Real Estate, Insurance

Treasury Secretary Timothy Geithner will tell Congress Wednesday that he knew nothing about the Fed's decision to keep secret the details of its plans to funnel $62 billion in taxpayers' money through American International Group (AIG) to foreign and domestic banks back in late 2008 when he headed up the New York Federal Reserve.

Continue reading Can Geithner Dodge Blame Over AIG's Backdoor Bailout Hush-Up?

Can Geithner Dodge Blame Over AIG's Backdoor Bailout Hush-Up? originally appeared on DailyFinance on Wed, 27 Jan 2010 11:40:00.

Filed Under: Economy, Goldman Sachs , American International Group, INC.