Is the U.S. Hiding How it Bailed Out AIG and Goldman?


Bloomberg News

reports that Congressman Darrell Issa (R-Calif.) subpoenaed a document that makes it clearer how the U.S. Treasury may have used struggling insurer American International Group (AIG) as the vehicle for bailing out Goldman Sachs Group (GS). This document, which had been previously hidden, details the mortgage-backed securities on which Wall Street banks bought $62.1 billion in insurance from AIG.