Anorak News | Anorak Was Right About AIG

Anorak Was Right About AIG

by | 3rd, November 2008

TIME to stare once more at the horror which is AIG; first it needed $85 billion, then it needed another $38 billion.

A week ago I predicted that more would be needed.

And I was right; now it’s another $20 billion.

That’s $143 billion in total with no end in sight for the poor bloody infantry, otherwise known as the US taxpayers, who are footing the bill for this debacle.

And the ruminations about just why Goldman Sachs was at the meeting at the US Treasury, headed by the former Chair of Goldman Sachs, Hank Paulson, which decided to rescue AIG, and in the process rescue Goldman Sachs from a $20 billion loss, rumble quietly on…

– Chenier

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Posted: 3rd, November 2008 | In: Money Comment | TrackBack | Permalink