The federal bailout of insurance giant American International Group Inc. has benefited at least two dozen U.S. and foreign financial institutions who collected some $50 billion, according to media reports Saturday.
AIG - once the world's largest insurer - is paying money to its counterparties because it had ****>> agreed to guarantee them against losses from credit default swaps <<**** they had invested in. Recipients of AIG money include: Goldman Sachs Group Inc Germany's Deutsche Bank AG Merrill Lynch Bank of America Corp. French bank Societe Generale SA Morgan Stanley Royal Bank of Scotland HSBC Holdings Calyon Credit Agricole of France UBS Barclays Coral Purchasing DZ Bank of Germany Bank of Montreal Rabobank of the Netherlands AIG total bailout is more than $170 billion since September. The government now owns nearly 80 percent of the company. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:290950 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
