From CNN Money.com: GS calling the shots
By Daniel at 9 August, 2009, 8:59 pm
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“WASHINGTON/CHICAGO (Reuters) - Former U.S. Treasury Secretary Henry Paulson talked often to the head of Goldman Sachs at the height of the credit crisis but did not actively seek to help the bank he once ran, a spokeswoman for Paulson said Saturday.
The New York Times on Saturday reported records of two dozen conversations between Paulson and Goldman chief executive Lloyd Blankfein the same week last September that rival bank Lehman Brothers collapsed and insurer American International Group — closely connected to Goldman — was rescued with public funds.
Goldman was the single biggest beneficiary of the AIG bailout, receiving nearly $13 billion in counterparty payments that would have been lost had the insurer failed.
Paulson’s spokeswoman Michele Davis confirmed the telephone conversations with Blankfein took place but denied Paulson had any intention of helping Goldman specifically.”
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