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Backdoor Bailout

Shahien Nasiripour

Goldman Sachs Nets Billions From AIG In New 'Backdoor Bailout' | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs collected $2.9 billion from the American International Group as payout on a speculative trade it placed for the benefit of its own accou...

Backdoor Bailout, Tea Party Fakeout: The GOP's Secret $90 Billion Gift to Wall Street

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

GOP candidates are making a point of running against "bailouts." Yet even as they rail about rescuing big banks, they're working on a plan that would slip those same banks an estimated $90 billion.

Shahien Nasiripour

AIG's Former Derivatives Chief Claims He Could Have Gotten Better Deal For Taxpayers Than New York Fed | Shahien Nasiripour | Posted 05.25.2011 | Business

AIG's former derivatives chief said Wednesday that taxpayers overpaid Wall Street for their AIG-related holdings, telling a federal investigative pane...

Shahien Nasiripour

Goldman Sachs 'Most Aggressive' In Demanding Cash From AIG | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs was the "most aggressive" financial firm to demand cash from AIG on what it viewed as souring deals during the financial crisis, the hea...

Shahien Nasiripour

Goldman Sachs Told It Was Getting 100 Cents On The Dollar From AIG, Top Exec Says (VIDEO) | Shahien Nasiripour | Posted 05.25.2011 | Business

AIG and federal authorities did not negotiate with Goldman Sachs when it came to the firm's controversial $12.9 billion payout from AIG, courtesy of t...

Shahien Nasiripour

75% Of Homeowners In Obama's Loan Modification Plan Still Owe More Than Their Homes Are Worth | Shahien Nasiripour | Posted 05.25.2011 | Business

More than three-quarters of homeowners who have had their monthly mortgage payments reduced under the Obama administration's primary foreclosure-preve...

Ask Goldman Sachs to Give it Back!

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

When we paid $62 billion to AIG "counterparties," we weren't saving the economy, we were paying off the bookies. The money we gave them didn't go toward saving one house or one mortgage -- it went to Wall Street.

AIG Bonuses In 2010 Total $100 Million

AP | Posted 05.25.2011 | Business

NEW YORK — American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial prod...

Bernanke Is A Political Time Bomb; Stiglitz Says He Would Take Fed Position

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

If incriminating documents about Bernanke's backroom dealings with AIG are revealed after Democrats confirm him for another term, the party will have a political fiasco on its hands.

Shahien Nasiripour

Goldman Sachs Approached AIG To Scrap Contracts Months Before Being Paid In Full By NY Fed | Shahien Nasiripour | Posted 05.25.2011 | Business

This post has been updated with a quote from a senior Obama administration official. Goldman Sachs approached AIG and expressed its willingness to ca...

Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?