AIG – Weekend – Goldman Sachs

  • Bankers from JPMorgan were in the New York Fed building late on Monday as AIG’s advisers, and Goldman Sachs representatives were there on behalf of potential principal investors.
  • The Fed was on Monday night asking the two banks to help arrange a bridging loan for AIG in the region of $70bn-75bn, according to people close to the situation, but the plan might well have changed since.

2008 0915 – FT (Financial Times – Downgrades deepen AIG woes – [link]