Andrew Cuomo proving to be only hero going after corporate coruption

From NYT Dealbook: AG Cuomo Widens His A.I.G. Investigation

Attorney General Andrew M. Cuomo of New York said Thursday afternoon that he was widening his investigation of the American International Group to examine whether its trading counterparties improperly received billions of dollars in government money from the troubled insurer.
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“Our investigation into corporate bonuses has led us to an investigation of the credit default swap contracts at A.I.G.,” Mr. Cuomo said in a statement. “CDS contracts were at the heart of A.I.G.’s meltdown. The question is whether the contracts are being wound down properly and efficiently or whether they have become a vehicle for funneling billions in taxpayers dollars to capitalize banks all over the world.”
Other counterparties that received money from A.I.G. include Barclays of Britain ($8.5 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion), UBS of Switzerland ($5 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).
— Posted by Andrew
Everyone now knows what a few always suspected. Goldman Sachs was the reason behind the AIG bailout. Without it, GS would have been $13 Billion in the hole from their exposure. They claim they were hedged appropriately. In truth, the are correct. GS has always “hedged” its bets and protected its “interests” by placing former execs into the Treasury and Fed Reserve and other parts of government (Congress, Governorships, various political advisors/lobbyists). That way, while BS and Lehman Bros are allowed to fail, they are bailed out in secret via AIG.
While Congress is practicing creative legislation (in a justified 90% bonus tax which they are now backtracking from), they should pass some useful laws banning former WS execs esp of GS from being in Tres or Fed. How about that for a conflict of interest Mr. Paulson?