You are using an outdated browser.
Please upgrade your browser
and improve your visit to our site.
Skip Navigation

An Eye-opener: Why The Aig Bailout Isn't Close To Over

Okay, time to start hyperventilating again. Yesterday's Wall Street Journal had some concrete details about where the AIG money is going:

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 Soci