BREAKING: AIG Releases List of Counterparties, 65% To Foreign Banks
AIG just released its list of counterparties (pdf)–who are the recipients of the bailout money that flowed through AIG–and there are four nifty charts.
Here’s the take away:
Chart A: $6.2 billion out of $22.4 billion goes to US financial concerns (that we know of–$41 billion is unaccounted for).
Cart B: $10 billion out of $29.6 billion goes to US concerns.
Chart C: $7 billion out of $12.1 billion (with $5.1 billion unaccounted for) goes to US concerns.
Chart D: $14.7 billion out of $43.7 billion goes to US concerns.
By "US concerns" I mean US banks and financial institutions–like Citbank or Goldman Sachs–or to States and municipalities in the US. The rest go to foreign banks, primarily in Europe.
So, out of $107.8 billion of US taxpayer money, only $37.9 is specifically identified as going to US concerns.
We only got 35% of our own money!