How much of AIG's $173 billion bailout went to European banks?

HSBC's CEO just stated in an interview last week. HSBC is doing just fine, and he had no reason to believe HSBC would need to receive any bail out funding. No wonder, AIG already gave HSBC funds out of the money AIG received from (WE) the American tax payers. HSBC has also raised their credit card APR rates on thousands of their credit card holders accounts to as high as 28%. Yet to watch Gordon Libby, president of HSBC interviewed last week in England. HSBC was doing just fine financially. I would think so, after receiving a few billion in U.S. tax payer bail out funds from AIG, and raising consumers credit card APR's to 28%. thereby Extorting additional money from consumers I'm sure HSBC, will financially be doing just fine.

Just another bank that consumers should NOT trust doing business with.

American people, wakeup!! All of the financial industry is corrupt. As one commentor said, it's all a ponzi scheme. As for Bush and Obama. I see very little difference other than black and white. Bush, the well helled Texan who came with money in his pockets. Obama, the narcissistic personality who needs all to love him. Their cabinets and advisors come from the same pool of crooks. Bush was bad and Obama is quickly going to make us forget him. Obama cares only for himself. He has used the blacks and young people of our Country to gain office and they will be the first ones to get it up the ars. We got trouble. I'm glad I can go back to the hills of Virginia and survive. Just bought an axe and gun. Out of the markets, save every nickel you can and trust no one.

A couple of thoughts as I sign off: How can a black man run America when 6 can't run a McDonalds and if Afro Americans are so capable, why is Africa doing so well?

AIG should never get a bail out at all they are part of the group along with the bankers who have ruined the economy to begin with as they hoard the money for themselves due to their never satisfied greed and should there fore have to pay back all the money the bail out was for the economy to get started in this country by creating jobs for skilled labor, and other blue collar jobs not the damn greedy bankers, CEO's etc and include in that the govenors who do not what the infrastructure is about to begin with and it is about improving the roads we presently have not building toll bridges, or partial Amtrack routes such as one between Las Vegas and L A. It is also about jobs in construction other than just road crews and railroad people. This all needs to regulated and the government of the US meaning Federal needs to have some regulators on the issue of the bailout monies and where they go, and this money does not need to go to NASA for discovering new worlds, which is what the want and this program has already spent to much money altogether. If people are not working in this country and the only ones getting monies are the greed mongers which is the problem to begin with than the economy will collapse as they never spend a dime for anything at all other than their own damn greed.

Wake up people. Your government is out of control, and we are the ones that will pay.

AIG and others Federal bailed out Corps has been ILLEGALLY sneaking US Tax Payers by the TRILLION$$$ out of the country since the dawn of time. Our corrupt government was aware of these activities>>> cheaply bribed!!! Goldman Sach a British owned with offices in Hong Kong.

The Federal Reserve, Wall Street, Big Corp Scum CEO's and many of our Parasitic government officials are all on these SCAMS and CORRUPTIONS...

They want to bankrupt America to become their subject so they can control and manipulate the monetary systems. And the Federal Reserve is helping these DEVILS the process by continually handing blank checks to these PARASITIC Wall Street, Banks, CEO's and mortgaging the futures of every yet to be unborn great great grandchildren of Americans...

I from the begining was againist bailing out AIG it in the Whole is not American,The Majority of it's dealing were overseas.Every Day now it seems there are no Bailouts for anything American they are Closed.At first the Goverment even had no intensions of Bailing out the Auto Industery till some one told them that the Auto Industries had all kinds of overseas involvement then they were given money.Yes our Country has a problem but our goverment is once again proving that Americans do not count Their more interseted in the World .

America has given up their electronics base, Shoes, Steel, and many others. Now it looks as though some would also give up the manufacturing base. America would no longer be able to support its self during a world war. Thus no longer being considered a super power. FOOLS I SAY I will tell you this if this happens I and millions of other people will directly blame REPUBLICANS for this. Yes those few southern senators that are left that cry each day abou the stimulus and Mccain throwing his childish fits. I know why some of them have foriegn assembly plants in their states. There is a huge difference between assembly and manufacturing and that is millions of jobs. Once again if they allow GM to go into bankruptcy its gone no matter what they claim bankruptcy of any kind would destroy a car company and they know it. I WILL WARN YOU ONCE AGAIN REPUBLICAN TRAITORS THE BLAME WILL BE ON YOU AND YOU ALONE.

Two words for you "TEA PARTY". This is total bull sh"t. Our Govt is as corrupt as AIG. Aig is the worlds worst bad faith insurer who doesn't pay claims fairly or at all. I'm filing a multi million dollar if not billion dollar fraud lawsuit against this insurer. AIG's own former CEO just did the same last week sighting fraud as the main reason. Get rid of any insurance or other products you hold from AIG trust me from my first hand experience you won't be paid on a claim with out suing.

I'm a television professional with a BA, and I can't even get a job washing dishes. I have 4 years to pay off my home, and I have to rent my extra rooms out to meet my bills. I have no debts except for my mortgage - my bills amount to less than $1000 a month. But I can't meet a measly cost of living because I can't get a job!
And we're bailing out the banks - who have jobs!

Welcome to the USSR. That's United States Socialist Republic!

I agree that the bailout money should have been given to the people and not directly to any company. If every Legal citizen had recieved 2 or 3 thousand each they would have in turn been able to pay on their houses, cars, bills, etc. (no loss of jobs, no forclosures, no Major financial mess), the companies would still have gotten the money in this maner, but in a way that would have helped all citizens as well. And it would have cost less! It might not have been enough money for some of the companies,,, but Hey - that's the way the companies crumble! The small business man isn't getting bailed out when he has to close up his business. Why should the big companies? Okay maybe in some ways we might take a hit, but when we the people and the smaller businesses can't carry on, that's a hit too.
I also agree that being a politician should not be a career. One term only, no matter the level, would help to keep our government officials more honest. Also they should be held legally accountable, with the same terms of imprisonment as every one else. They should have to pay all the taxes every one else has to pay,,, even Social Security. It is long past the time that elected officials remember that it should be an honor to represent the people,,, not just a job. They should not be able to give themselves big raises without a vote of the people. Gifts of any kind should be illegal and cause for immediate dismisal. No more PERKS ! And at the end of their term,,, back to John Doe public life - earn a living the same as every one else does.
I also think there will be fighting and possibly a civil war as things are getting worse and NOTHING helpful is being done! If not an all out war, I am sure there will be demonstrations leading to violence. The hippy, vietnam years are likely to look like a dinner party in comparison. I am deeply concerned for our country, and our future.

The time for revolution has begun. Get the guiotinne ready for Madoff, Paulson, Bush Crime family, corrupt politicans, corrupt judges and corrupt cops.

The Obama meltdown is like a plague that is slowly working its way thru the system and the great doctor is not applying the vaccine to control the disease. Instead he's handing out aspirin (bailout money) and hoping it all goes away. WE can't rely on the Capital Hill Gang, they just steal vaccine ( pork) and hope the great doctor Obama will handle things. Its hard to believe that these so called professionals cannot work the bank problems out. If they are weak, merge them with strong ones. If they are insolvent, close them! Move the toxic assets into a central market. You dont need to nationalize.......... merge or close. Use any funding to back those banks that are merging or help with backing on restructured mortgages. Mr Obama, stop playing chicken with the free world economy.

Thanks for the post. very interesting indeed. I must say I was very concern AIG going under as i held some AIG ETC Agriculture index after reading an article on http://theinflationist.com/tag/agriculture-etc-dj-aigcsm. Not entirely sure though if I would suffer total loss if AIG went under (long positions). I read somewhere that AIGCSM ETF Agriculture Index Funds are secured by a third party which guarantees the contracts. On the flipside, if there were no guarantees, would shorters make a fortune if AIG collapses?

AIG is AGF, American General Finance and American General Home Equity. They like to pretend they are different companies.

I just got a letter from their attorney, Douglas V. Drury, of Scottsdale, AZ, who inflated my mortgage balance $6000. That is mail fraud, State Bar violations and worthy of AG prosecution. I have reported it to them all.

We need a lawsuit, if there are any attorneys left with ethics, balls and no fear, call me 928-565-2300. If not, lets start this revolution against the bankers and show them what Americans are made of. Are you afraid to die? Not me. We will all die. I will be happy to die fighting for freedom!!! Come to my house and I will Bar-B-Que you fascist pigs and feed you to my dogs.

Grandpa Buccheri would have gutted you like a fascist pig and left you to be eaten by alley cats. come here and I will eat your face off and feed to my dogs.

AIG is AGF, American General Finance and American General Home Equity. They like to pretend they are different companies.

I just got a letter from their attorney, Douglas V. Drury, of Scottsdale, AZ, who inflated my mortgage balance $6000. That is mail fraud, State Bar violations and worthy of AG prosecution. I have reported it to them all.

We need a lawsuit, if there are any attorneys left with ethics, balls and no fear, call me 928-565-2300. If not, lets start this revolution against the bankers and show them what Americans are made of. Are you afraid to die? Not me. We will all die. I will be happy to die fighting for freedom!!! Come to my house and I will Bar-B-Que you fascist pigs and feed you to my dogs.

Grandpa Buccheri would have gutted you like a pig and left you to be eaten by alley cats.

After months of very stressful negotiations, AGF/AIG pertaining to my mortgage, we have settled our differences. Do not give up! Thank you Jim S. My blood prerssure and anger is much lower these days.