Amazing! AIG it has been found from their last bailout, had given a huge amount of their bailout to Goldman Sachs and other banks around the world. So the question is now...... How much of this 22 Billion will be funneled through AIG and actually be given to Goldman Sachs, JP Morgan and other large Wall Street Banks? This way, the Wall Street banks are not looking bad, it is through another entity instead of a direct bailout.
So... Who is this bailout Really For?
Portion:
WASHINGTON (Reuters) - Bailed out insurer American International Group will get up to $22 billion more in U.S. taxpayer funds to facilitate its restructuring and prepare for an eventual government exit, the U.S. Treasury said on Monday.
But the Treasury reiterated that it expects the government to earn an overall profit on bailout investments in the insurance giant -- once as high as $180 billion -- assuming the AIG restructuring announced on September 30 is executed.
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