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:
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?