I’m watching “On the Record” and Newt Gingrich is the guest. They’re talking about when the government bailed out AIG, the troubled insurance company. The only private sector person in the room was the current chairman of Goldman Sachs. Henry Paulson, the Treasury Secretary, is the former chairman of Goldman Sachs. Goldman Sachs has about a 20 million dollar investment in AIG. No other investors were brought into the discussions.
This “bail out” conversation gets more interesting by the minute.