The Stated Truth » Wall Street Rocket Scientists Try To Revive CDO Derivatives

Wall Street Rocket Scientists Try To Revive CDO Derivatives

Posted By thestatedtruth.com on January 28, 2011

Warren Buffett calls them weapons of mass destruction for a reason….they almost tookÂ 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.

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 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. Â 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 governmentâ€™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.

Categories: Commentary, Finance, National News, Wall Street
Tags: CDO's, Wall Street Rocket Scientists

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