- In fact, Goldman actually recognized that many of these loans would go bad. So they went to the insurance giant AIG and got them to issue credit default swaps against many of the securities it had created. In effect they were betting that their own securities were garbage. Now that is savvy. http://www.huffingtonpost.com/dean-baker/obama-and-the-savvy-banke_b_463063.html 15 comments politics
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