Editor's Note: There are dozens of posts and articles about what happened between AIG, Goldman Sachs, King Henry and Lord Blankfein. Oh . . . let's not forget Tim the Tax Cheat, because he was the head of the NY Fed when this all went down. Anyway, there are enough serious calls for Goldman Sachs to give back the AIG double-dip, that Washington needs to open an investigations. Below is the title and an excerpt from Business Week . . . main stream media.
Goldman, Give It All Back
by Matthew Goldstein
While the bank is returning the government's $10 billion, why not also return the $13 billion it got from the U.S. through AIG's bailout?
If Goldman Sachs CEO Lloyd Blankfein wants to put his money where his mouth is, he won't stop with just giving back the $10 billion in federal bailout money the investment firm got last autumn. He'll also offer to return some of the $13 billion Goldman (GS) got from the U.S. government by way of the bailout of American International Group (AIG).
. . .
If the government had allowed AIG to file for bankruptcy, Goldman likely would have incurred an even bigger fourth-quarter loss than it reported. So Blankfein owes a bit of gratitude to Uncle Sam. And as my BusinessWeek colleague Roben Farzad pointed out on CNBC on Mar. 27, Blankfein can thank taxpayers by forking over its AIG largesse.
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*As defined in Wikipedia