Goldman Sachs Will Explain Its Relationship WIth AIG Tomorrow

In hopes of clearing the air over the money its received via the AIG (AIG) bailout, Goldman Sachs (GS) plans to hold a conference call with media and investors tomorrow. The company says it wants to eliminate certain “misperceptions.”

The narrative that’s been written in the media is that the company was a major beneficiary of the bailout. And that since the company’s ex-CEO Hank Paulson was Treasury Secretary was an engineer of the bailout, people see cronyism.

For its part, Goldman Sachs has repeatedly claimed that it had fully hedged its exposure to AIG, though it hasn’t gone into more detail.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at