DEATH TO THE NEW WORLD ORDER

AIG releases list of bailout beneficiaries
Despite denials, Goldman Sachs tops lists of beneficiaries from US taxpayer bailout of insurance giant AIG.

Bowing to building pressure from the media, the public and members of the US Congress, insurance giant AIG has begun to release some of the data about banks and other recipients of billions of US taxpayer money.
Apart from the disclosure itself, the big headline was that Goldman Sachs Group, which had last autumn denied having any "material" exposure to AIG, was the biggest beneficiary from the bailout of AIG receiving $12.9 bn in various payouts. Goldman repeatedly said last autumn that it had no material exposure to AIG.
The New York Times reported last autumn that the Goldman Sachs was AIG's largest trading partner and:
A collapse of the insurer threatened to leave a hole of as much as $20 billion in Goldman's side...
The story contradicted comments by Goldman CFO David Viniar's comments during a 16 September 2008 conference call when he said that Goldman's exposure to AIG was "immaterial". Hours after that call, the US government announced an $85bn bailout of insurance giant.
Responding to the New York Times' story, Goldman Sachs "strenuously and very publicly denied the gist of the allegation," writes Sam Jones of the FT's Alphaville blog.
The disclosure shows how $44bn was paid out to 20 firms, all of the banks in the US, Canada, the UK and Europe apart from Citadel Investment Group, a Chicago-based hedge fund that received $200 m. AIG also paid out $12.1bn to states under guaranteed investment agreements.
As Jones said in his post at the FT:
We wonder whether things might yet get uncomfortable for Goldman. After all, they're in rather an awkward position: on the one hand, according to their above PR line, they didn't need AIG's money at all (it was, to paraphrase, immaterial whether AIG went under or not). And yet, on the other hand Goldman is - gosh - the largest recipient, via AIG, of taxpayers' money.
You can read the entire release by AIG, and we've added the figures to our Data Store.
DATA: the AIG counterparties

See all our data atthe Datastore directory

From: http://www.guardian.co.uk/news/datablog/2009/mar/16/aig-goldmansachs