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How Goldman Sachs Created 'Shitty' CDOs, Sold Them To AIG, Forced AIG Into Bankruptcy,...

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masmdu Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 07:31 AM
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How Goldman Sachs Created 'Shitty' CDOs, Sold Them To AIG, Forced AIG Into Bankruptcy,...
How Goldman Sachs Created 'Shitty' CDOs, Sold Them To AIG, Forced AIG Into Bankruptcy, Got A $20 Billion Bailout, Paid Themselves Billions In Bonuses, And Watched As Tim Geithner Covered It All Up


"Here's what you need to take from this: Goldman put together crappy CDO's, bought Credit Default Swap protection (insurance) from AIG, pushed AIG into bankruptcy by making claims on the insurance, and then got paid -- not by AIG -- but by the TAXPAYER.

Oh, and the guy who tried to cover all this up? Barack Obama picked him to be your Treasury Secretary. Is this a great country, or what?"

http://dailybail.com/home/how-goldman-sachs-created-shi...
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 07:32 AM
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1. Goldman knew AIG would get the bailout.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-11 07:51 AM
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2. obama knew all this when he picked geithner. don't think he didn't. nt
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