Who got AIG’s bailout billions?

Stephen C. Webster
Reuters
Sunday March 8, 2009

Where, oh where, did AIG’s bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.

The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured into American International Group Inc since last fall has been paid to at least two dozen U.S. and foreign financial institutions.

The newspaper reported that some of the banks paid by AIG since the insurer started getting taxpayer funds were: Goldman Sachs Group Inc, Deutsche Bank AG, Merrill Lynch, Societe Generale, Calyon, Barclays Plc, Rabobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander, Morgan Stanley, Wachovia, Bank of America, and Lloyds Banking Group.

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Morgan Stanley and Goldman Sachs declined to comment when contacted by Reuters. Bank of America, Calyon, and Wells Fargo, which has absorbed Wachovia, could not be reached for comment.

The U.S. Federal Reserve has refused to publicize a list of AIG’s derivative counterparties and what they have been paid since the bailout, riling the U.S. Senate Banking Committee.

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8 Responses to “Who got AIG’s bailout billions?”

1. Reaper Says:
   March 8th, 2009 at 11:01 am

   Oversight?……………FUCK THAT! I want receipts!

2. Hmmm.... Says:
   March 8th, 2009 at 3:52 pm

   Just wondering wtf is going on….

   

   Hmmm.... Reply:
   March 8th, 2009 at 3:53 pm

   A lot is going on behind the scenes-

   

   global plantation serf Reply:
   March 9th, 2009 at 8:11 am

   Their fraudulent balance sheets are missing the now hugely significant “off balance sheet” stuff. So even they don’t know what is going on.

   But as the trash fails and their “policy holders” try to collect on their credit default swaps we will keep paying even though they (AIG) are now worthless and should fail.

3. hungry for meat Says:
   March 8th, 2009 at 6:40 pm

   so let us simply stop feeding rabid dogs, now, shall we mmmmmk?

4. Eric Says:
   March 9th, 2009 at 3:47 am

   Time to REBEL!

5. We can Says:
   March 9th, 2009 at 4:39 am

   1 million we the people can take down and start over. Go back to what U.S.A. stands for.

6. global plantation serf Says:
   March 9th, 2009 at 8:22 am

   Someone made political contributions in all the right places.

   Wouldn’t it be cheaper to just buy AIG? It’s almost worthless now!