Friday, March 6, 2009

Goldman, Deutsche Bank and Others Got AIG Aid

So that's where our $173 Billion went.
A late-breaking story from the Wall Street Journal:
(and a nice followup to this morning's "Who’s Really Being Propped Up in the A.I.G. Bailout?")

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 September and December 2008, according to a confidential document and people familiar with the matter....MORE including the list.

UPDATE: The Journal gated the story, here's the list:

Covered Counterparties

Some banks that were paid by AIG after it was bailed out by the government

  • Goldman Sachs
  • Deutsche Bank
  • Merrill Lynch
  • Société Générale
  • Calyon
  • Barclays
  • Rabobank
  • Danske
  • HSBC
  • Royal Bank of Scotland
  • Banco Santander
  • Morgan Stanley
  • Wachovia
  • Bank of America
  • Lloyds Banking Group

Source: WSJ research