Lloyd Blankfein running AIG.
Today in court, prosecutors walked us through the dream, courtesy of a recorded conversation between former Goldman board member Rajat Gupta and Raj Rajaratnam.
Raj Rajaratnam: I called you because there’s a rumor that Goldman might buy a commercial bank.
Rajat Gupta: There was a big discussion, a divided discussion, at a board meeting. More people were saying why, because it’s a low return business… but it may be interesting to develop a deposit base which is a low cost source of funding. Not that we’re having trouble raising funding…
Rajat Gupta: AIG was in the discussion mix… there’s some value there, with AIG or Wachovia.