If memory serves, Secretaries Paulson and Geithner's AIG bailout, without demanding haircuts of AIG's counterparties, profited Goldman to the tune of $13 Billion. Plus GS had shorts, swaps, collateral and sundry that made money off of AIG's stupidity.
Now it looks like Goldman is trying to repay the Treasury favor.
From Deal Journal:
Goldman Sachs raises AIG to buy from neutral, as it sees improvement in AIG’s Chartis unit and expects the US Treasury to sell its stake faster than previously expected.
Near term, Goldman expects sales of shares by the Treasury will boost supply and drive down prices....MORE