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Picture du Jour: How the AIG bailout really worked By Prieur du Plessis, on January 28th, 2010 posted in: Investment, Markets, Money  Leave your comment
While the AIG controversy rages and the enquiry into the bailout gathers momentum, Professor Linus Wilson of the University of Louisiana (via Clusterstock) has put together a helpful chart showing exactly how the bailout was constructed and indicating which banks got how much. “Two things stand out: The Treasury’s overpayment for preferred stock was a crucial part of the bailout, and though Goldman Sachs is usually held up as the bad guy here, SocGen received $2.5 billion more,” remarked Clusterstock. Fascinating stuff, especially with American taxpayers coming to the rescue of the European banks!
Source: Clusterstock, January 27, 2010. More on this topic (What's this?) Stock Update: American International Group Inc (NYSE:AIG) – AIG Announces Closing of $2.5 Billi... (Jutia Group, 7/10/15) Company Update (NYSE:AIG): AIG Commences Cash Tender Offers for Debt Securities (Jutia Group, 6/18/15) Xi’s Anti-Corruption Campaign Is Key to China’s Prospects (Gold Stocks Today, 7/3/15)  |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)  (requires Windows Media Player) 
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