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Goldman played big part in AIG downfall: report

14 December 2009

Goldman Sachs played a bigger role in fuelling the mortgage bets that crippled AIG than has been publically disclosed, the Wall Street Journal has reported.

Read more: american international group aig

Goldman Sachs played a bigger role in fuelling the mortgage bets that crippled American International Group (AIG) than has been publically disclosed, the Wall Street Journal has reported.

Goldman Sachs was one of 16 banks that were paid by the US government last year when the full extent of AIG’s risky trades in collateralised...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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0%
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$4bn-$5bn
25%
$5bn-$6bn
12%
$6bn-$7bn
12%
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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield