Was the AIG Bailout a Goldman Bailout by Proxy?
Was the AIG Bailout a Goldman Bailout by Proxy?
This was something that I have discussed in the past. Taking a single entity and making sure that it was doling out the billions the way that treasury saw fit was made easy.
By using this single entity to pay out to GS and many foreign entities the government kept things from toppling financially and politically.
I am still convinced that AIG is not long for the public market. Their job will be done, the trades will be unwound and then the gov’t will have an entity in place to bring the entire company in house. There isn’t anything in place right now, but I expect there will be.
AIG continues to sell of the jewels in its crown and will soon be left with little to pay down the enormous debt load.
via Was the AIG Bailout a Goldman Bailout by Proxy? — Seeking Alpha.
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