(Via CJR)
That's what we paid the big banks on their swaps when AIG was bought up by the government. This was obscene and more than one commentator pointed it out at the time. So, to take one recipient at random, Goldman Sachs hedges to the tune of $12.9 billion dollars and gets paid $12.9 billion dollars by you and me.
That's just sick - but it gets worse when you read in Bloomberg that AIG had been trying to get Goldman to take haircuts on their swaps. i.e. AIG was driving a hard bargain with Goldman - but soon as the Feds took over, they meekly forked over the full amount.
Weak, weak, weak.
1 comment:
My favorite part is still the guy who buys stock after they decide on the 100% payout but before the public knows. Netted 5.4 mil baby.
You know the elite don't even care to pretend anymore with this shit going on. If the newspapers are correct, He should be in jail at least.
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