Tuesday, March 17, 2009

How Else Did Paulson Help Goldman Sachs?

John Crudele asks the BIG question:

Now that American International Group has finally revealed that Goldman Sachs was on the top of the list of companies that benefited from the government bailout, maybe Congress will decide to conduct the full-blown investigation that should have happened years ago.

Former Treasury Secretary Hank Paulson was the one pushing for the AIG bailout. He is also the former chairman of Goldman.

During his tenure at Treasury, Paulson said that he felt it was his job to communicate with "market participants."

I've taken that to mean - at the very least - that he was speaking to his former colleagues at Goldman.

Now, the question is, did Paulson do other favors for Goldman before bailing out AIG, like revealing sensitive information?

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