Who Was Made Well and Who Was Left to Swing?
Who got de dough? Seventy-five thousand million dollars of your and my personal contribution went to "trading partners of AIG Financial Products, the small subsidiary whose exotic derivatives brought AIG to the edge of collapse."
But AIG's total exposure is 30 times that much--nearly a $trillion and a half. Which insiders, do you suppose, were best able to belly up to the bar? Read on . . .
AIG Discloses $75 Billion in Bailout Payments
Insurer Reveals List of Taxpayer Funds Doled Out to Settle Debts With Companies, Municipalities
By Brady Dennis
Washington Post Staff Writer
Monday, March 16, 2009; A01
In the six months since the government's bailout of insurance giant American International Group, a rescue that has become increasingly costly and contentious, one question has loomed above all others: Where did the money go?
The answer became a little clearer yesterday when AIG unexpectedly released the names of dozens of trading partners it has paid using billions in taxpayer dollars. The disc…