Well, interestingly enough, Goldman had purchased credit default swaps from AIG, and, of course, they were repaid in full by the taxpayers of this country, $12 billion worth, the highest recipient of money from those CDS's.
Jackie Speier: “Well, interestingly enough, Goldman had purchased credit default swaps from AIG, and, of course, they were repaid in…”
Editor's note · Context
The speaker is discussing the financial transactions involving Goldman Sachs and AIG during the financial crisis.
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