Comments on: FBI takes a stab at soft hedge fund tissue http://blogs.reuters.com/breakingviews/2010/11/22/fbi-takes-a-stab-at-soft-hedge-fund-tissue/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: 123rrr http://blogs.reuters.com/breakingviews/2010/11/22/fbi-takes-a-stab-at-soft-hedge-fund-tissue/comment-page-1/#comment-5140 Tue, 23 Nov 2010 04:50:38 +0000 http://blogs.reuters.com/columns/?p=4675#comment-5140 I am glad that so many people are now blaming Goldman Sachs and the Bush administration for the disgraceful behavior which led to the financial crisis. The leader was probably Henry Paulson who was CEO of GS for many years before he became Bush’s Secretary of the Treasury.

The FBI should now question Paulson, Bernanke and Blankfein on who whispered what in who’s ear on that fateful week-end in 2008, when only Goldman Sachs converted itself from an investment bank into a commercial bank so that it could borrow more than $10 billion from the Fed to avoid bankruptcy. Moreover, someone may have encouraged the Fed to bail out AIG for more than $100 Billion so that AIG did not go bankrupt and be unable to pay Goldman Sachs the much more than $10 billion that it needed to avoid bankruptcy. Also instead of loaning the TARP money to manufacturing firm to maintain employment as Paulson promised Congress, Goldman Sachs, J P Morgan, Bank of America and a few others used it to buy bankrupt banks and stock brokers and further enrich themselves. If this is not illegal, then our country is doomed!

]]>