Goldman Sachs Group Inc (GS.N) played a bigger role in fueling the mortgage bets that crippled American Insurance Group Inc (AIG.N) than has been publicly disclosed, the Wall Street Journal reported on Saturday.
An analysis by the paper of AIG's trades on pools of mortgage debt shows that Goldman was a key player in many, including those involving other banks, the Journal said.
Goldman was one of 16 banks the U.S. government rescued last year after closing out losing trades that AIG had made with the financial firms.
The bank originated or bought protection from AIG on roughly $33 billon of the $80 billion of U.S. mortgage assets that AIG insured during the housing boom.
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