The 'toplines' don't seem terribly different from what had been assumed. European banks show up disproportionately among the highest payouts. Barklays $7B in payments to counterparties by US Securities Lending, $.6B through Maiden Lane III, $.9B in collateral postings under AIGFP CDS.Yesirree Bob, your local government had pension and investment plans with AIG! One billion to California, another billion to Virginia, half a billion to Ohio, almost $300 million to Kentucky...the list goes on. AIG turned around and lost all that money and more. You paid for it after all when they bailed AIG out and they paid off these counterparties. So not only did you pay for it the first time when these governments collected the taxes and then invested it with AIG, you paid for it a second time when you bailed out AIG.The biggest recipient seems to be France's Societe Generale for about $12B. Deustche Bank got slightly less.
The one thing I had not heard of previously was $12.1B that went to municipalities in twenty states.
You would think a company like that with billions of state government dollars would attract more oversight.
You'd of course be wrong.
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