Tuesday, March 17, 2009

More AIG bailout money to Goldman Sachs

Maiden Lane III paid $5.6 billion more to Goldman Sachs to settle derivative exposure.

Add that $5.6 billion to the $12.9 billion that Goldman received in Sunday's night AIG disclosure, means that the taxpayer's bailout of Goldman Sachs now totals $18.5 billion, alarmingly close to the $20 billion of exposure that the NY Times said Goldman had, which Goldman Sachs said was "immaterial."

But since when did Goldman Sachs promise to be tell the truth?

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