Archive - Mar 16, 2009
AIG Takes Full Disclosure Route
Submitted by Tyler Durden on 03/16/2009 00:19 -0500Late Sunday, AIG, which all of a sudden "recognizes the importance of upholding a high degree of transparency with respect to the use of public funds", finally caved to pressure to disclose the full list of recipients benefiting from collateral payments after its repeated rescues. No major surprises among the bank recipients: the top 5 include Societe Generale, Deutsche Bank, Goldman Sachs, Merrill Lynch and Calyon. Additionally, of the top 20 beneficiaries, 14 banks are non-domestic!
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