Bailout Survivor: Jim Cramer With AIG's Robert Benmosche
Nov 13, 2012 at 1:55 PM
DailyBail in AIG, AIG Bailout, CNBC, aig, aig bailout, cnbc, cnbc video, cnbc video, jim cramer, robert benmosche

Interview aired Friday night on Mad Money.

Taxpayers might again ask why the Federal Reserve was so eager to bail out all of AIG's deals (credit default swaps) linked to problematic CDOs at 100 cents on the dollar.  The largest beneficiary of that largesse was Goldman Sachs, whose former officers rose to influential positions in the U.S. Treasury and Federal Reserve Bank and were at Goldman's helm when these deals were created.

The taxpayer funded bailout of AIG helped Goldman Sachs to avoid potential lawsuits, among other lucrative benefits.  See Goldman Sachs: Bullies on the Block.

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Maria Bartiromo with Benmosche on AIG earnings for Q3 - Nov. 1, 2012

Here's something that was barely covered at the time and has since been completely forgotten.  Goldman execs lied under oath regarding AIG:

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Selected AIG stories from the archives:

Subpoenaed Documents Show Goldman Sachs Offered To 'Tear Up' AIG Derivatives Contracts At 'Right Price' Before NY Fed Took Over Negotiations

Marcy Kaptur Exposes Tim 'Goldman Sachs' Geithner Before Congress

South Park Explains The AIG Bailout

Geithner's Crimes Through AIG - Will The Truth Come Out

Timothy Geithner, I Call Your Bluff (Janet Tavakoli)

Who Is Dan Jester And Why Did Tim Geithner Call Him 103 Times During The Financial Meltdown Of 2008?

Emails Don't Lie, Just Ask The Fed Officials Who Hide Them: AIG's Disclosure Surprised, Displeased NY Fed

COVER-UP: New York Fed Officials Pressured The SEC To Grant 'National Security' Status To Hide AIG's $62 Billion Gift To Banks

 

 

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