Sunday, March 08, 2009

AIG Bailout Money Went to European Banks

American taxpayers will be please to know that billions of dollars in bailout money turned over to AIG (AIG), ended up being given by AIG to several foreign banks, including Deutsche Bank AG, Societe Generale, Calyon, Barclays Plc, Rabobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander, and Lloyds Banking Group.

In case you missed the article on AIG receiving $11 per share in bailout money, you should check it out.

Author owns AIG.


1 comment:

Cynical Synapse said...

And in the pockets of AIG executives and a lot of other places no one seems to know about. As far as I'm concerned, AIG’s all just the world’s biggest Ponzi scheme! Of course there’s no transparency. The people who claim to be fixing it were all in positions to have had something to do (or look the other way) with the making of the Wall Street debacle.

I was opposed to the bailout from the very start. While I knew there would be consequences with AIG’s failure, I figured at least the executives would have to take their lumps, too. And I figured my share would be less. Instead, we’re all paying and the executives are pocketing it. With no end in sight.