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Loan Modification

: Mortgage Lender Implode-o-Meter

AIG Trading Partners Squeeze Insurer Before Bailout

By Implode-Explode Heavy Industries

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" - Goldman Sachs Group Inc. and Societe Generale SA extracted about $11.4 billion from American International Group Inc. before the insurer?s collapse as the firms demanded to hold cash against losses on mortgage-linked securities, according to regulatory filings."

Full post as published by Mortgage Lender Implode-o-Meter on June 22, 2009 (boomark / email).

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