2/23/2010

The Federal Reserve Bank of New York prevented for more than a year the release of a document showing how Goldman Sachs packaged mortgage collateralized debt obligations and then bought insurance against their default from American International Group, Bloomberg Markets reported. When Goldman's CDOs went bad, the insurance that the bank, as well as Societe Generale, bought pushed AIG to the verge of collapse, leading to a bailout by the U.S. government, according to Bloomberg's report.

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