{"id":630529,"date":"2010-01-14T07:30:55","date_gmt":"2010-01-14T12:30:55","guid":{"rendered":"http:\/\/www.thehollywoodliberal.com\/2010\/01\/14\/behind-the-goldman-sachs-aig-scandal\/"},"modified":"2010-01-14T07:30:55","modified_gmt":"2010-01-14T12:30:55","slug":"behind-the-goldman-sachs-aig-scandal","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/630529","title":{"rendered":"Behind the Goldman Sachs-AIG Scandal"},"content":{"rendered":"<p><a  rel=\"nofollow\" href=\"http:\/\/www.realclearpolitics.com\/2010\/01\/13\/behind_the_goldman_sachs-aig_scandal_227655.html\" >Behind the Goldman Sachs-AIG Scandal \t\t\t\t\t<\/a><br \/> James Keller, RealClearMarkets<br \/>The Goldman Sachs-AIG scandal may be worse than we think. Former New York Fed President and current Treasury Secretary Timothy Geithner is being castigated for paying off AIG&apos;s counterparties &#8211; Goldman foremost among them &#8211; 100 cents on the dollar and then&nbsp;keeping these payments secret. But it seems likely that Goldman actually got much more than 100%. What is worse, Goldman may have received this windfall by trading on information that was deliberately withheld from the public. A brief recap of the Goldman-AIG story is necessary. Goldman has revealed that it had $20 billion in&#8230;<\/p>\n<p><a  rel=\"nofollow\" href=\"http:\/\/www.realclearpolitics.com\/articles\/2010\/01\/13\/lets_take_the_crony_out_of_crony_capitalism__99873.html\" >Take the &#8216;Crony&#8217; Out of &#8216;Crony Capitalism&#8217; \t\t\t\t\t<\/a><br \/> John Stossel, RealClearPolitics<br \/>When Judge Richard Posner, the prolific conservative intellectual, released his book &#8220;A Failure of Capitalism: The Crisis of &apos;08 and the Descent Into Depression&#8221; last year, you might have thought the final verdict was in: Capitalism caused the economic downturn and high unemployment.That this verdict was pronounced by someone like Posner, who is associated with the University of Chicago and the free-market law and economics movement, gave moral support to all the politicians who were intent on exploiting the recession (as they exploit all crises) to increase government control&#8230;<\/p>\n<p><a  rel=\"nofollow\" href=\"http:\/\/www.realclearpolitics.com\/articles\/2010\/01\/13\/democrats_could_seek_to_delay_seating_brown_in_senate_99876.html\" >Would Dems Try to Delay Seating Scott Brown? \t\t\t\t\t<\/a><br \/> Memoli &#038; Trygstad, RCP<br \/>Should Republican Scott Brown pull off an upset victory in next week&apos;s special election in Massachusetts, Senate Democrats may seek to use the chaos surrounding the appointment of Roland Burris last year as a precedent for delaying the swearing in of a man who campaigned as the 41st &#8220;no&#8221; vote on health care reform.When the disgraced and soon-to-be-impeached Illinois Gov. Rod Blagojevich chose Burris for Barack Obama&apos;s vacant Senate seat, Democratic leaders delayed seating him by citing a statute that required a formal certificate of election to be signed by all appropriate&#8230;<\/p>\n<p><a  rel=\"nofollow\" href=\"http:\/\/detnews.com\/article\/20100113\/OPINION01\/1130336\/1008\/opinion01\/Editorial--Don-t-stifle-global-warming-debate\" >We Need Much More Debate on Global Warming \t\t\t\t\t<\/a><\/p>\n<p><a  rel=\"nofollow\" href=\"http:\/\/www.realclearpolitics.com\/2010\/01\/13\/democrats_behaving_badly_227641.html\" >Democrats Behaving Badly \t\t\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Behind the Goldman Sachs-AIG Scandal James Keller, RealClearMarketsThe Goldman Sachs-AIG scandal may be worse than we think. Former New York Fed President and current Treasury Secretary Timothy Geithner is being castigated for paying off AIG&apos;s counterparties &#8211; Goldman foremost among them &#8211; 100 cents on the dollar and then&nbsp;keeping these payments secret. But it seems [&hellip;]<\/p>\n","protected":false},"author":764,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-630529","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2E1P","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/630529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/764"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=630529"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/630529\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=630529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=630529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=630529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}