AIG confesses. As the actions of the insurance giant become more and more visible, stakeholders struggle increasingly intense as fish on dry land. You know the bottom line: AIG received 149 billion dollars from the U.S. government and they were using it to scroll to a number of clients. There is lot of outrage. While other colleagues have to pay spicy amounts of interest in exchange of direct government aid, a number of names are escaping on more than a suspicious manner. So hard-pressed, AIG starts to open the books. In a document with a number of annexes, AIG shows what they have paid through various mechanisms to counterparties. High on the list we find Goldman Sachs and SocGen.
Is anybody surprised?
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