The focus on AIG surrounds bonus money paid with public funds. Lost in this discussion is the even more outrageous revelation that 10s of billions of public money are going in the front door at AIG, and then straight out the back door to banks that have already received TARP I money.
”The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured into American International Group Inc (AIG.N) since last fall has been paid to at least two dozen U.S. and foreign financial institutions.” Read full article here: Reuters News Service
Filed under: Articles of Interest | Tagged: AIG, bailouts, stimulus, TARP
