The secret history of TARP: How Goldman bailed out Goldman

Former Treasury Secretary Hank Paulson wasn’t on Goldman Sachs’ payroll when the US government bailed out his former employer, but he may as well have been.

That’s the implication in a New York Times article, published Saturday, that shows President George W. Bush’s last treasury secretary, a former CEO of investment bank Goldman Sachs, had many conversations with the current CEO of Goldman during the week of Sept. 16, when the US government handed over $85 billion to rescue the troubled insurance giant AIG.