Not only were it and Soc Gen the biggest counterparties, but Goldman originated several of the deals, which happen to have been held by Soc Gen.

FORBES: AIG: The Secret's Out (Again)

Hmm, that is not what Soc Gen said in August, and even a short sale ban in place the French banks are taking a hammering today!

FORBES: Time To Nuke The Euro!

France's Soc Gen and BNP Paribas, Germany's Deutsche and Commerzbank, and Italy's Unicredit would collectively be short of many tens of billions of euros of capital.

BBC: EU banks may raise ?200bn