3 ms·
If the government didn't bail out AIG, GS would've gone down. And Hank Paulson is the former CEO of GS. So yes, GS needed the bailout desperately and got it. h
by startuprules 16y ago
If the government didn't bail out AIG, GS would've gone down. And Hank Paulson is the former CEO of GS. So yes, GS needed the bailout desperately and got it.
http://www.capital-chronicle.com/2008/09/nyt-report-on-goldman-sachs-aig-ties.html http://www.capital-chronicle.com/2008/09/nyt-report-on-goldm...
- jamiequint 16y agoThat has nothing to do with whether GS themselves needed a bailout. In fact it speaks to the fact that they probably didn't see this crisis coming. If they had, then as the biggest trading partner of AIG they would have known their counterparty exposure and tried to reduce it ahead of time.