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Landesbank Baden Wuerttemberg

Goldman Sachs Sued by German Bank Over Davis Square VI, an AIG CDO Bailed Out by Taxpayers (Updated)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

With the latest lawsuit, taxpayers might again ask why the Federal Reserve was so eager to bail out all of AIG's deals linked to problematic CDOs at 100 cents on the dollar. The largest beneficiary of that largess was Goldman Sachs.