In terms of power and influence, no other bank seems to come close to Goldman Sachs. Their name comes up a lot as you travel down the rabbit hole of government secrecy.
“In case you were wondering where on earth all that money went that you shoveled into the black hole known as AIG, we now have a pretty good idea.
* $13 billion of it went to Goldman Sachs
* $12 billion went to Soc Gen
* $12 billion went to Deutsche Bank
* $9 billion went to Barclays
* $7 billion went to Merrill Lynch
* $5 billion went to Bank of America
And so on.
All these firms did business with AIG voluntarily. All these firms knew (or should have known) the risks of doing business with an unregulated firm in an unregulated part of the market. All these firms were willing to take the risk that AIG wouldn’t be able to make good on its commitments.” (Read more from businessinsider.com)