Monday, Mar 09, 2009
Answer - LLoyds, Barclays, RBS, HSBC, but hang on a min?
Reuters vis SOTT: Question - Who got AIG's bailout billions?
NEW YORK (Reuters) - Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.
The newspaper reported that some of the banks paid by AIG since the insurer started getting taxpayer funds were: Goldman Sachs Group Inc, Deutsche Bank AG, Merrill Lynch, Societe Generale, Calyon, Barclays Plc, Rabobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander, Morgan Stanley, Wachovia, Bank of America, and Lloyds Banking Group.
Posted by troy @ 05:38 AM (371 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mountain goat said...
You have to read to the end to discover these costs are all about Credit Default Swaps insurance of the U.S. subprime mortgage toxic slime. A year ago European banks were being called the suckers who bought the toxic stuff. But they thought they had covered themselves with insurance from AIG. So if AIG goes bust the Lehman global crash will look like the starter course.
CDS market is not a zero sum game if one big party fails.
2. devo said...
Notice how the anologies are becoming more extreme:
""It's like taking insurance on your neighbor's house and even maybe contributing to blowing it up,"