Breaking: The financial crisis is officially over. Mission accomplished!
Jim Millstein, a former Lazard banker who oversaw the government’s stake in AIG at the U.S. Treasury Department until 2011, also contributed a quote to the site.“At a time when many in D.C. thought the government was going to lose substantial money on AIG, Goldman worked closely with Treasury and the company itself on implementing a restructuring plan that ended up netting billions of dollars in profit for taxpayers,” said Millstein, who now runs his own restructuring firm.
Meanwhile, profit for taxpayers.
Snark aside, how about taking that $23 billion profit and using it to mail checks to the people who helped generate the profit? Granted, each check would only be worth about $2,000, but that's only because there are so goddamn many people in this country who don't have any jobs. Please, Mr. Government, kindly fix.
---Baron V
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