Monday, May 18, 2009

But what about ...

In the news:
Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley applied to repay the combined $45 billion they received in October from the government’s Troubled Asset Relief Program, said people familiar with the matter.
But what about the money funneled to them via AIG? Payments "at par" (100 cents on the dollar) even though the contracts were trading at substantial discounts and could have been settled for much less.

We're supposed to forget that.


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