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Market Currents

Sunday, November 22, 2009
7:00 AM TweetThis
  • Goldman Sachs (GS) spokesman Lucas van Praag responds to the New York Times' questions about its exposure to AIG (AIG), pre bailout. While admitting that "a collapse of AIG would have had a very disruptive effect on the financial system, and that everyone benefited from the rescue of AIG," he maintains - despite evidence to the contrary - that Goldman's exposure "was close to zero."
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This news story has 4 comments:

     
  • Said the Spider to the fly, what about the 18 billion GS received from AIG making then whole, risk free investment why this back door payoff if their exposure was close to 0
    2009 Nov 22 09:27 AM Reply
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  • Lucas probably believes what's good for GS is good for the country. Its time we proved him wrong!
    2009 Nov 22 09:52 AM Reply
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  • I got so disgusted with the US financial & regulatory system that I've taken a job in Asia for a while. The backroom deals with JPMC, BAC and GS are a disgrace. These firms are far to cozy with Washington and as a result the taxpayers for generations are going to be paying the bonuses of Goldman Sachs and the like.
    Our politicians are either far to niave or so beholden to the financial industrial complex that they can't react.
    I hope US Citizens feel good about lining the wallets of the financial elite while the country is mired in 10%+ unemplyment for the forseeable future......sad that it's come to this.....
    2009 Nov 22 10:00 AM Reply
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  • "...close to zero".

    OK, but IS that a lie? I think he just needs to tell us how MANY zeroes is "close".

    8? 9? 10? And what 's the number in front?
    2009 Nov 22 11:23 AM Reply
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