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Post# of 867408
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LuLeVan

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LuLeVan

Re: DaJester post# 768411

Monday, 09/18/2023 12:33:20 PM

Monday, September 18, 2023 12:33:20 PM

Post# of 867408
The TBTF banks were insured against default of their subprime securitizations by AIG. Hank Paulson insisted in 2008 that AIG be rescued "without any ifs or buts" so that "no second Lehman would happen." The real reason was that Goldman, among others, was insured against default by AIG. The bailout of AIG therefore was an indirect bailout of Goldman.
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