[melling]

When the government bailed out AIG, everyone who was owed money by AIG got paid. Is there more to the story?

We seem to revisit the crisis on HN. Someone should do a write up. We seem to rehash a lot of this. Basically , history just repeating itself. TARP, for example, being a loan:

https://en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Progra...

[e12e]

From the USA Today article above, along with this story here, it would seem that government bailed out AIG, which benefited Goldman and a lot of financial institutions that really should have been in a position to "know better", and be prepared to take the loss themselves, while Goldman will happily make sure small home-owners go bankrupt. Or put another way, government pays Goldman 12 Billion for not knowing their business, and Goldman grudgingly passes on 2 billion in consumer relief.

That's a pretty sweet deal for Goldman?

Does remind me to keep "Swimming With Sharks" on my reading list:

http://www.amazon.com/Swimming-Sharks-Journey-World-Bankers-...

(I assume the Book has more along the lines of what's in this interview/promo-piece):

http://www.theguardian.com/business/2015/sep/30/how-the-bank...

[mikeyouse]

The controversy at the time was that Goldman was given 100 cents on the dollar in the AIG bailout.. They should have had a significant haircut but were made completely whole with taxpayer money. Ugly all around.