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A.I.G. Bailout Even More Favorable to Goldman Than Your Wildest Dreams

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The New York Times‘ Louise Story and Gretchen Morgenson, whose work on Goldman Sachs will likely net them a Pulitzer next year, published another bombshell yesterday on how federal regulators orchestrated A.I.G.’s $182 billion bailout on terms even more overwhelmingly favorable to Goldman Sachs and other investment banks than simply recouping their contracts at 100 [...]