Gretchen Continued

(c) F. Bruce Abel

Here's just one comment among probably many after the excellent article by Gretchen Morgenson (never know how to spell her name...thus prefer to call her Gretchen).

We (the people) should spend all day Sunday pondering this article and how our society should Get Even/Correct.



andrew
NY
February 6th, 2010
2:01 pm
If AIG was paying out billions to Goldman and others as early as 2007 under those swap contracts, how could AIG Financial Products have possibly reported profits to support those enormous bonuses.AIG must be the dumbest or the most fraudulent company in history. Either they wrote sweetheart contracts with lucky employees of AIGFP who were allowed to collect bonuses on underwater contracts, or they simply closed their eyes and raided the corporate treasury.It is shameful that taxpayers had to bail out AIG and self-evident that the motivation was the benfit to Goldman by Goldman alums.