List Of AIG Bailout Beneficiaries Reluctantly Released

March 9, 2009

US (ChattahBox) – A partial list of institutions who benefited from the AIG bailout has been released, as part of an ongoing investigation into what happened to the more then $170 billion dollars given to the failing financial group.

It was found that $50 billion was sent to various companies, such as Goldman Sachs Group Inc, Wells Fargo, Royal Bank of Scotland, Morgan Stanley, Wachovia Bank Of America, and many more.

While this is hoped to be the first of many reveals to find out what happened to the billions of dollars that were found to have been misused, Federal Reserve Vice Chairman Donald Kohn says that it is a dangerous move on the part of the government.

He believes that releasing names could jeopardize the many personal customers and counterparties involved with AIG, and risk creating a wider problem.


Comments

One Response to “List Of AIG Bailout Beneficiaries Reluctantly Released”

  1. Silk32 on March 9th, 2009 3:27 pm

    The question remains whether AIG has run out of political capital? Once it well-connected trading partners are made whole will the government let AIG die? If the company cannot generate new business it may not be a going concern anyway. To learn more go to http://www.newyorkshockexchange.com/content/view/79/37/

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