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To: Kansas58

they’re bailing out rich speculators in AIG as well, no doubt


4 posted on 03/07/2009 1:22:05 PM PST by 4rcane
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To: 4rcane

excerpt

The beneficiaries of the government’s bailout of American International Group Inc. include at least two dozen U.S. and foreign financial institutions that have been paid roughly $50 billion since the Federal Reserve first extended aid to the insurance giant.

Among those institutions are Goldman Sachs Group Inc. and Germany’s Deutsche Bank AG, each of which received roughly $6 billion in payments between mid-September and December 2008, according to a confidential document and people familiar with the matter.

Other banks that received large payouts from AIG late last year include Merrill Lynch, now part of Bank of America Corp., and French bank Société Générale SA.


6 posted on 03/07/2009 1:24:56 PM PST by Orange1998
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