The Street: AIG Gives Blackstone a Black Eye

Professor Robert Goldberg discusses AIG’s relations with Blackstone and other Wall Street firms post-bailout:

Robert Goldberg, a former investment banker who now teaches finance at Adelphi University, points out that for more than two years, taxpayers have been indirectly footing the bill.

“If AIG had gone into bankruptcy, the contracts would have been tossed in with all those other liabilities,” says Goldberg. “They avoided that with a government bailout.”

Read the full article from The Street