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drbio45

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drbio45

Re: grandpatb post# 86713

Wednesday, 11/25/2009 6:41:39 AM

Wednesday, November 25, 2009 6:41:39 AM

Post# of 252714
the article doesn't mention that Bear Stearns was taken over by JP Morgan because it owed Goldman Billions, Lehman wasn't rescued because it didn't Goldman money, and AIG was bailed out because it owed Goldman billions.

Goldman was paid back 100 cents on the dollar because of these transactions, and I am pretty sure they must have had a big short position in Lehman, so they made money on that trip to zero.

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