StockTwits users all over it…again

• StockTwits
• March 20th, 2009

The theme of the week, in market news as well as mainstream media, can be summed up in three letters: A-I-G.   The chatter was inescapable.  Six year olds were observed debating AIG’s payment of bonuses despite accepting hundreds of billions of federal bailout money.   The talking heads were quick to focus on this fact knowing it would enrage the ‘dumb masses’ and keep them tuned in.

As usual, the StockTwits universe was all over this and way ahead of the curve, focusing on the real issues: how it could affect their current investment positions and how they could profit off of it in the coming week.  StockTwits were quick to point out that the real story, and the real money, wasn’t AIG bonuses, but rather the firms who were counterparties to AIG: in particular Goldman Sachs.

A spattering of calls made very early in the week:

@Dasan Mar. 15 at 8:40 PM

$AIG sings: as expected, biggest beneficiary of taxpayer largess was Government Sachs $GS, and $MER, $UBS

@StockJockey Mar. 15 at 6:39 PM

@niubi $GS only got about $13 billion from 3 separate AIG facilities/bailouts – at least we know # http://bit.ly/cJCeF

@niubi Mar. 16 at 12:31 AM

bween TARP and $aig alone goldman $gs has taken in over $40B of taxpayer $$. not including FDIC backed bonds and Fed facilities. disgusting

@ryamada Mar. 16 at 3:54 AM

Will rethink $FAZ position in the AM. $GS got $13bn from AIG in q4, a good chunk of mkt cap loss of 38% ($29bn) since Sept 1.

@Blackhorse Mar. 16 at 6:40 AM

That means about 20% of $AIG’s bailout funds went to just 3 banks: $GS, SocGen, and DB.

abnormalreturns Mar. 16 at 12:14 PM

The Monday linkfest is up. $GS in the spotlight after $AIG collateral list released. http://bit.ly/21KU $$

@jaltucher Mar. 17 at 8:56 AM

@donahchoo A lot of the $AIG bailout was paid to banks who insured their exposure to $LEH. $AIG was vehicle to hand it to $GS, $MS, etc.

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