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Goldman Sachs Fueled AIG's Risky Gambles

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:55 PM ET

Goldman Sachs

Wall Street Journal:

Goldman Sachs Group Inc. played a bigger role than has been publicly disclosed in fueling the mortgage bets that nearly felled American Insurance Group Inc.

Goldman was one of 16 banks paid off when the U.S. government last year spent billions closing out soured trades that AIG made with the financial firms. A Wall Street Journal analysis of AIG's trades, which were on pools of mortgage debt, shows that Goldman was a key player in many of them, even the ones involving other banks.

Read the whole story: Wall Street Journal

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Filed by Nick Graham  |