http://market-ticker.denninger.net/archives/1903-NUCLEAR-Did-Goldman-Offer-To-Tear-Up-AIG-CDS.html
You smell that? It's called essence of the shit that hit the fan.
Oh oh.
Remember, Blankfein testified in front of the FCIC at 10:12 AM on 1/13 that he never got a request to take less than 100 cents on the dollar for AIG credit default swap contracts.
Well then what's this that Zerohedge dug up?
As everybody knows, AIG got a huge government bailout in September 2008 to help make payments on derivatives contracts with banks, including Goldman. Yet in the previous month, Goldman approached AIG about "tearing up" its contracts, according to a November 2008 analysis by BlackRock, then an adviser to the New York Fed.
WHAT?
TARP IG opens new probes of AIG
http://www.politico.com/news/stories/0110/31995.html
