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Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street Highlight
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— Neil BarofskyA JPMorgan executive later told us that they had walked away once they realized that the amount of money AIG needed was greater than the total value of its assets. In other words, JPMorgan and Goldman didn’t want to lend money to what they believed was essentially an insolvent institution.
Replicated under Fair Use from Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street by Neil Barofsky. (Pg. 179)