$40 Billion in AIG Bailout Money Went to Foreign Banks

AIG has finally disclosed a list of the credit default swap counterparties and buyers of other risky AIG investments who got paid through the AIG bailouts.

The list reveals that foreign banks received more than $405 billion dollars courtesy of the generosity of American taxpayers.

The list includes:

  • Banco Santander
  • Bank of Montreal
  • Barclays
  • BNP Paribas
  • Caylon
  • Credit Suisse
  • Deutsche Bank
  • Dresdner Bank
  • HSBC
  • ING
  • KFW
  • Landesbank Baden-Wuerttemberg
  • Rabobank
  • Royal Bank of Scotland
  • Societe Generale
  • UBS

Your hard-earned money is being shipped abroad through various other programs as well.

This entry was posted in General. Bookmark the permalink.