NYT: Testy Conflict With Goldman Helped Push A.I.G. to Edge

Posted on 2/8/2010 by Liberty Pulse with 0 comments

NYT: Testy Conflict With Goldman Helped Push A.I.G. to Edge

Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had been escalating for months.

A.I.G. had long insured complex mortgage securities owned by Goldman and other firms against possible defaults. With the housing crisis deepening, A.I.G., once the world