Taxpayer backlash risk grows with latest AIG revelations

03/16/2009 | Bloomberg · Commercial Property Executive

American International Group has announced that $105 billion of the rescue money it got from the U.S. government was paid out to big banks, including Goldman Sachs, Deutsche Bank and Societe General, as well as the states of California and Virginia, which had purchased guaranteed investment contracts from the firm. That revelation came on top of word that AIG has recently paid out $170 million in bonuses to executives, a move that triggered fierce criticism from Congress and the Obama administration.

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Bloomberg · Commercial Property Executive

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