Iowa Senator Chuck Grassley has a few unanswered questions for Goldman Sach’s Lucas van Praag who attempts to describe how the end justified the means.
“The government determined that a collapse of AIG would be systemically disastrous. And of course if a systemic problem had ensued, we along with every company in the world would likely have been affected.” Lucas van Praag, Goldman Sachs
Here’s a link to Senator Grassley’s questions and the documents detailing the financial relationships. http://4closurefraud.org/2010/07/24/shocking-goldman-sachs-documents-list-financial-institutions-with-whom-goldman-had-hedged-the-risk-of-its-exposure-to-an-aig-default/
Here’s a link to a previous post for the one person who refused to stop asking the same questions. Once again, the folks here at TradeWithDave.com proclaim Brooksley Born for President! http://tradewithdave.com/?p=1215
Update: Questions and Answers from the heartland. The Des Moines, Iowa register gets in the game: http://www.desmoinesregister.com/article/20100724/BUSINESS/7240337/Goldman-Sachs-reveals-where-bailout-cash-went
Update: USAToday offers this simplified 5 minute video explanation of the Goldman Sachs saga: http://link.brightcove.com/services/player/bcpid42806360001?bctid=180367718001