Imagine I am the CEO of Goldman, most of my risks are being hedge by derivatives issued by AIG. If AIG failed, I am failed as well. So it is our collective interest to press for a governement bail-out, in the name of public interest.
Remember this report regarding how Goldman won big over mortgage breakdown? Not so smart after all.. the revenge is catching up quick.
Remember this report regarding how Goldman won big over mortgage breakdown? Not so smart after all.. the revenge is catching up quick.