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The U.S. banking crisis is getting more and more bizarre by the minute. We now focus on AIG. This is probably the greatest understatement of the decade: "AIG, American International Group Inc. (NYSE AIG) is in one hell of a mess." The US Treasury has bailed out AIG several times since last September to the tune of at least $180 billion. No one knows for sure where the money went. Regulators refuse to identify AIG's counterparties. The US Federal Reserve refuses to publicize a list of AIG's derivative counter parties.AigBailout posts
FeedWhere did AIG's $180 billion bailout money go?
The U.S. banking crisis is getting more and more bizarre by the minute. We now focus on AIG. This is probably the greatest understatement of the decade: "AIG, American International Group Inc. (NYSE AIG) is in one hell of a mess." The US Treasury has bailed out AIG several times since last September to the tune of at least $180 billion. No one knows for sure where the money went. Regulators refuse to identify AIG's counterparties. The US Federal Reserve refuses to publicize a list of AIG's derivative counter parties.Continue reading Where did AIG's $180 billion bailout money go?
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