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To: Toddsterpatriot
The $68 billion in paybacks would be the largest since the $700 billion Troubled Asset Relief Program took effect eight months ago at the peak of the financial crisis. Specifically, the money comes from a $250 billion slice of the $700 billion bailout package.

Other chunks of the $700 billion will be harder, if not impossible, to recover. Some of it, such as $70 billion funneled to failed insurer American International Group Inc., ended up in the pockets of healthier banks that did deals with AIG

from CBS reports, in short funds given to AIG are used to make this 10% payment!!! Nothing like paying yourself. Print more money!!!

34 posted on 06/17/2009 2:54:12 PM PDT by org.whodat
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To: org.whodat
Some of it, such as $70 billion funneled to failed insurer American International Group Inc., ended up in the pockets of healthier banks that did deals with AIG

You mean they used it to meet their liabilities? Shocking!

What should they have done with the money?

36 posted on 06/17/2009 3:02:48 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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