Explaining Southern California's economy

Did Goldman Sachs get a back-door bailout during the financial crisis?

Goldman Sachs has been much in the news the past few days, what with Greg Smith's Muppets op-ed and the passing of the Fed's stress tests. Now Hank Greenberg, the former head of AIG who saw the firm he built completely destroyed during the financial crisis, comes pretty close to accusing Goldman of fraud, in the above clip from Bloomberg TV. He also says Goldman got a back-door bailout during the financial crisis — at the terminal expense of AIG. 

Worth watching, just to see what an old Wall Street hand — one no stranger to controversy himself — thinks of the new Wall Street.

Follow Matthew DeBord and the DeBord Report on Twitter.

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