What is GS' exposure to AIG

What is GS exposrue (2o bil) --13.98 bil multsector CDO insurance (pro refers to the 14 bil cash securities) a.GS already have 7.5 bil collateral since Sept 2008 ( now worth only 4.4 bil as collateral for 6 bil synthetic securities -- dollar is fungible, so only 3.1 bil is used to count toward 14 bil cash securities) b.It received 2.5 further Collateral + 5.6 bil from Mailden Lane= 8.1 bil c.these contracts already been cancelled( damn something is missing.... unless AIG or Fed paid around 2.7 bil after Dec 2008, the numbers did not add up) --6 bil left is the synthetic securities a.hedged by AIG's CDS b.It already received 4.4 bil collateral, indicating the underlying asset value is around 27 cents c.the original vlaue of the collateral was 7.5 bil and now 4.4 bil. Dollar is fungible what AIG paid ( 12.9 bil) --4.4 bil security lending; 2.5 bil Collateral posting; 5.6 bil Mailden Lane III -- The bank, which received $12.9 billion from AIG between thegovernment rescue of the insurer in September and the end of2008, has about $4.4 billion in collateral that it could keep ifAIG fails to meet commitments, said David Viniar, GoldmanSachs’s chief financial officer, on a conference call. Viniarsaid the company generally requires that counterparties postcash as collateral. Some of the $4.4 billion the company holdswas posted after the government bailout, he said. -- When AIG was rescued by the Federal Reserve in September,New York-based Goldman Sachs had $10 billion of exposure to theinsurance company that was offset with $7.5 billion of collateral as well as credit-default swaps that would have paid off in the event of an AIG bankruptcy, Viniar said. --Mailden Lane only took over CDO backed by cash bonds (contracts that insured against defaults on collateralized debtobligations backed by cash bonds. Viniar said the company’sremaining $6 billion exposure consists of so-called syntheticsecurities, or CDOs backed by derivatives.)