Sunday, March 15, 2009

WHERE SOME OF OUR MONEY WENT

Our money given to AIG was essentially given to large banks, both here and abroad, so that should be added to the TARP money the banks have also received.
AIG publishes counterparty list

By Julie MacIntosh in New York and Alan Beattie in Washington

Published: March 15 2009 23:25 | Last updated: March 15 2009 23:25
FINANCIAL TIMES

AIG paid out $22.4bn of collateral related to credit default swaps, $27.1bn to help cancel swaps and another $43.7bn to satisfy the obligations of its securities lending operation. The payments were made between September 16 and the end of last year.

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