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You left out the part where he told Goldman Sacs to multiply their CDS bets because he knew all the mortgage backed securities they were writing for clients were going bad. That's why Paulson couldn't let AIG go down. AIG was one of their main writers of the CDS' for Goldman. So if AIG doesn't pay Goldman Goldman is bankrupt. The fox is guarding the henhouse.
Oct 24 00:46 am
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All Comments by Moon Kil Woong »Hank Paulson, Revisionist [View article]