Live talk radio from the Texas Hill Country

Daily Archives: December 14, 2008

AIG Is Said to Pay $18.7 Billion to Goldman, SocGen for Swaps

Dec. 10 (Bloomberg) — American International Group Inc., the insurer rescued by the U.S. government, made $18.7 billion in payments tied to credit-default swaps to banks including Goldman Sachs Group Inc. and Societe Generale SA, according to a person briefed on the situation.

Fourth-Quarter GDP: Worse and Worse

It seems each new piece of data lately prompts another round of downward revisions to economists’ estimates of fourth-quarter gross domestic product.

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