Two years after collateral demands from Goldman Sachs Group Inc. helped spark a cash crunch at American International Group Inc. that led to the insurance giant’s near collapse, a mystery remains: How did Goldman come up with the mortgage-securities prices it used to extract cash from AIG? The Wall Street firm is now trying to convince its critics that it used accurate prices amid a congressional inquiry into the causes of the financial crisis.
Goldman details its valuations with AIG
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program