Henry Hank Paulson Goldman Sachs
Editor's Note: In light of the Goldman theft detailed yesterday, we are reposting this series as part of our look back at the Goldman AIG taxpayer heist.
Part 2 of our look at mystery man Dan Jester.
Painstaking detail follows. New angles, new details, new actors, while Henry Paulson stays behind the curtain, controlling the destruction of AIG, the pillaging of taxpayers, and the positive outcome for Goldman Sachs.
Part 1 is here...
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The most detailed write-up of what happened with AIG I've come across. This is not without complexity. Two important points which are discussed in great detail below:
- Dan Jester was "as useless as tits on a bull" in securing forbearance from the ratings agencies. This sealed AIG's fate and guaranteed a bailout.
- Seeking to avoid public scrutiny into the role he played while CEO of GS, Paulson installed former Goldman executive Edward Liddy as CEO of AIG to quietly pay out $18.7 billion (highlighted below) to AIG counterparties, thereby sealing the fate of any negotiations...Read more at The DailyBail
