Documents: 2 Fed officials saw AIG payments as $30B "gift" to banks

01/27/2010 | NYTimes.com · Reuters

In the weeks that followed the U.S. government's bailout of American International Group, two Federal Reserve governors thought allowing the insurer's trading partners to keep $30 billion they had received from AIG would amount to a "gift" to the banks, according to documents obtained by The New York Times. Despite the concern, the Fed allowed AIG's trading partners, including Goldman Sachs and Societe Generale, to keep the money, according to the documents.

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NYTimes.com · Reuters

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