Summary Box: Goldman executive says no regrets on fully collecting AIG debts

Summary Box: Goldman exec defends payment

GOLDMAN DEFENDS BAILOUT PAYMENT: A Goldman Sachs executive told an inquiry panel the Wall Street powerhouse had no regrets about collecting $12.9 billion in taxpayer money covering crippled AIG’s debts to Goldman.

PROBING DERIVATIVES: The Financial Crisis Inquiry Commission, examining the role of derivatives in the 2008 crisis, looked at the parts played by Goldman and AIG, which was saved from collapse by a $182 billion federal bailout.

SKEPTICAL QUESTIONERS: Members of the panel couldn’t understand how Goldman could take the full amount owed by AIG, knowing that taxpayers were picking up the tab at the onset of the worst recession since the 1930s.