Where did the AIG money go? Now we know! | ShortFormBlog

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Posted on March 15, 2009 | tags

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Biz, U.S.: Where did the AIG money go? Now we know!

one $44 billion went to debts the company sustained in its “securities lending” program, when the economy went plop.
two $22 billion went to satisfy credit-default swap debts its London subsidiary, AIG Financial Products, caused
three $12 billion went to pay debts to municipalities in dozens of states who signed complex investment agreements with AIG source

Posted by Ernie Smith • Permalink

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