Huge amounts of AIG bailout went to Goldman Sachs

Updated

Goldman Sachs (GS) seems to do everything right, even in the midst of disaster. It turns out AIG (AIG) paid it large sums of money from funds provided by the government.

According toThe Wall Street Journal, Goldman got about $6 billion in the last four months of 2008. "The government's rescue of AIG helped prevent its counterparties from incurring immediate losses on mortgage-backed securities and other assets they had insured through AIG," the paper writes

Is it right that Goldman got the money? Almost certainly "yes"

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