There’s an angry scramble to fix several years of overlook in the Arizona and you will recklessness for the Wall structure Street
But listed here is AIG creating $80 billion out of safety for the subprime securities, where Goldman is the most significant owner. Rather than the fresh new Chief executive officer, maybe not the main financial manager, maybe not the principle chance officer, nothing of those heading AIG understood that when the importance away from subprime bonds rejected, they would have to article collateral repayments on the counterparties such as for instance Goldman. Read more