So, if you lose money, you’re stupid. If you make money you’re a genius. Is that the way it works. It couldn’t possibly be that they did not exercise good foresight.
I suppose they found out that some in Govt. were involved, they are not going to put themselves at risk. Should require all involved to be banned from the US, and yes, you do have a choice, don’t sell AIG and Chartis.
Goldman Sax got 100% of the money that AIG owed them.
Yes it was stupid for AIG to make the deal with Goldman. The way I understand it….Goldman went to their friends in the Government crying that AIG didn’t have enough to payup on their deal.
The feds made sure that Goldman got 100% on the dollar unlike the GM deal where the
Bond holders were offered 20% or 0%.
So I guess he was just stupid…
So, if you lose money, you’re stupid. If you make money you’re a genius. Is that the way it works. It couldn’t possibly be that they did not exercise good foresight.
Is anyone really surprise that AIG got another pass.
Not in the least. I just wonder who’s in their pocket.
I suppose they found out that some in Govt. were involved, they are not going to put themselves at risk. Should require all involved to be banned from the US, and yes, you do have a choice, don’t sell AIG and Chartis.
Goldman Sax got 100% of the money that AIG owed them.
Yes it was stupid for AIG to make the deal with Goldman. The way I understand it….Goldman went to their friends in the Government crying that AIG didn’t have enough to payup on their deal.
The feds made sure that Goldman got 100% on the dollar unlike the GM deal where the
Bond holders were offered 20% or 0%.