There clearly was a mad scramble to solve several years of overlook from inside the Arizona and you may recklessness on Wall Roadway

However, let me https://paydayloancolorado.net/centennial/ reveal AIG composing $80 million off protection on the subprime bonds, at which Goldman was the biggest holder. Rather than the brand new Chief executive officer, not the principle financial administrator, maybe not the main chance administrator, nothing of those going AIG realized that in case the benefits out-of subprime bonds denied, they would need certainly to post equity repayments on the counterparties for example Goldman. And additionally what the results…