BREAKING: AIG Releases List of Counterparties, 65% To Foreign Banks

[flyarm]

BREAKING: AIG Releases List of Counterparties, 65% To Foreign Banks
http://firedoglake.com/2009/03/15/breaking-aig-releases-list-of-top-20-recipients-of-bailout-money/

By: looseheadprop Sunday March 15, 2009 4:26 pm

AIG just released its list of counter-parties (recipients of the bailout money that flowed through AIG); there are four nifty charts (PDF).

[lostnotforgotten]

1. DU Thread Here

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5261207

[Mike 03]

2. Yup. This is one of two reasons we were right to save it. NT

[wuvuj]

3. AIG "insured" the bundled mortgages...

...so the US taxpayer is paying off what is owed? Otherwise...who's going to buy our bonds so we can finance more wars and stuff?

[Octafish]

4. Top 10 largest recipients of AIG money

Nothing like two-tiered economic system, eh, flyarm?

FACTBOX: Top 10 largest recipients of AIG money

Sun Mar 15, 2009 7:44pm EDT

(Reuters) - American International Group Inc disclosed on Sunday that U.S. and European banks have been among the biggest beneficiaries of the up to $180 billion U.S. taxpayer bailout of the insurer.

AIG disclosed that more than $90 billion has been paid to banks through collateral postings under credit default swaps, payments to CDS counterparties and payments to securities lending counterparties from September 16, 2008 to December 31, 2008.

The following lists the largest recipients of funds from those entities combined. The figures are estimates based on data provided by AIG:

Counterparty Amount ($ BLN)

-------------------------------------------

Goldman Sachs Group $12.9

Societe Generale 11.9

Deutsche Bank 11.8

Barclays PLC 8.5

Merrill Lynch 6.8

Bank of America Corp 5.2

UBS AG 5.0

BNP Paribas SA 4.9

HSBC Holdings PLC 3.5

Dresdner 2.6

-------------------------------------------

Total Payments to Top 10 $73.1

Source: AIG

SOURCE:

http://www.reuters.com/article/gc06/idUSTRE52E21O20090315

Well, except a two-tier justice system. These banksters should be in Leavenworth.

Wonder where the other $100 billion went? Bonii?

[flyarm]

5. Dubai?? I hear it is sinking and only cockroaches come out of the faucets now!! n/t