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LuLeVan

09/18/23 12:33 PM

#768419 RE: DaJester #768411

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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The Man With No Name

09/18/23 12:35 PM

#768420 RE: DaJester #768411

May I respectfully suggest an optometrist?