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what we have here is a failure to communicate

Goldman Sachs CEO Says Geithner Never Asked Him About Taking a Haircut on AIG Swaps

Lloyd, briefly forgetting water is transparent, glares at the commission.

"I never got a request myself about taking less" than the 100 cents on the dollar the New York Fed under Tim Geithner paid to banks who had purchased billions of dollars of credit default swaps from ailing AIG, a rather awesomely testy Lloyd Blankfein told the Financial Crisis Inquiry Commission this morning. "It never came up in any conversation I can recall."


Earlier: As NY Fed President, Tim Geithner Charged $13 Billion of Crappy CDOs to Taxpayer Tab
Geithner Paid AIG Counterparties in Full Because He ‘Lacked Leverage’ With Banks
Geithner’s New York Fed Tried to Cover Up AIG Payouts

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Photo: Getty Images