Banking, finance, and taxes
AIG (AIG) Discloses Who Received Payments From Federal Funding (I.E. Goldman Sachs (GS) Had A Good Day
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After days or pressure from Congress and the public, AIG (AIG) released data about which counterparties to it credit default swap portfolio got large chunks of money from the federal government bailout of the big insurer.
The largest sums went to Societe Generale, DeutscheBank (DB), Merrill Lynch, Goldman Sachs (GS), and Barclays (BCS). The entire list provided directly by AIG is linked here. Based on the information Bank of America (BAC) and Citigroup (C) would had huge financial exposure which could have caused large losses without the government’s intervention.
Douglas A. McIntyre
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