Wall Street Rocket Scientists Try To Revive CDO Derivatives

Posted By on January 28, 2011

Warren Buffett calls them weapons of mass destruction for a reason….they almost took down the world in 2007-2008….Folks, we have some slow learners here…

This period is more degraded than that of Sodom and Gomorrah. Pompei was kindergarten compared to the sociopaths of Wall Street.

The problem is that the present day demons own the place. Who needs enemies when you investment bankers.

                                                     Jim Sinclair

FCIC Publishes Report; Goldman Got $2.9 Billion on AIG Bets

The Financial Crisis Inquiry Commission, tasked with determining the causes of the financial crisis, released its report yesterday in Washington, simultaneously publishing a 545- page book.

Among its findings, the report said Goldman Sachs Group Inc.  received $2.9 billion for its own account as a taxpayer bailout enabled American International Group Inc. to make good on credit-default swaps linked to mortgages.

The money was included in about $3.4 billion in swap- related payments, most of which AIG made following the government’s bailout, the FCIC said. That was in addition to about $14 billion that Goldman Sachs collected from AIG and passed to other counterparties, according to the report.

About the author

Comments

4 Responses to “Wall Street Rocket Scientists Try To Revive CDO Derivatives”

  1. Yong Lu psu says:

    Yong Lu psu

    I am Eric Lu Penn state, I am in Penn State. I am Yong Lu psu.

  2. free ads websites

    free classifieds free classified ads free ads free classified ads in china free classified ads sites free websites to post ads free ads posting global free classified ads website for free ads local classifieds freeads classifieds market place free adve…

  3. gatal says:

    Obat Tradisional Kutil Di Kemaluan

    denature Indonesia yaitu sebuah perusahaan yang fokus dalam bidang obat herbal aman dan ampuh tanpa efek samping. obat kami sangat mujarab.

  4. Trackback

    […]Wow, wonderful blog layout! How long have you been blogging for?[…]

Copyright © 2018 The Stated Truth