Sunday, March 8, 2009


As the U.S. government unwinds, or bails out AIG, some of the required actions are payment to firms who are counterparties to derivative agreements that AIG was involved in. Very straightforward, really. The following Reuters story tries very hard to witch hunt but doesn't get anywhere are far as I can tell.

Pressure may mount to know who got AIG bailout blns

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 (
AIG.N) since last fall has been paid to at least two dozen U.S. and foreign financial institutions.

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