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Can AIG Be Saved?

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Greenberg of AIG asks why Goldman got paid in full while AIG suffered and languished? Questions he raises about the way Goldman Sachs acted during and before the crisis, with its actions helping precipitate the crisis, and the need for investigative reporting to uncover the facts. Serious questions raised by Greenberg.

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$52 billion of government money to go through AIG to banks and in turn to hedge funds for betting against the housing market.

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The Financial Products Group's 370 person staff at AIG earns bonueses of $400 million for AIG insurance sold at "fractions of a penny for every dollar covered, less than $10 million for $1 billion of insurance" (WSJ). It costs the government $52 billion to take care of this and $165 million in bonus check go out for retention incentives with binding contracts to these staffthe same week. Thats the kind of financial innovation that has exacerbated the turmoil and created acrisis of condfidence for financial markets in the USA by March 2009.

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AIG and sale of risky assets in 2012-2013

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AIG’s Profit Jumps 53%, Helped by Investment Sales

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AIG's public offering in 2011

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Goldman Sach's Short of the Housing Market

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Public Rebuke of Culture at Goldman Sachs

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Paulson had Goldman Sachs structure as ecurity out of handpicked bad apples in the mortgage securities market, Goldman then sells these securities to institutional investors without disclosing what Paulson had done and without disclosing that Paulson had bet heavily against them.

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Goldman's stacked Bet.

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Sachs and the shitty

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