Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The US authorities have been able to channel somewhere between $40 bn and $50 bn of US tax payers' money to foreign counterparties of AIG, but that is unlikely to be the new status quo.  They got away with it, thus far, because the foreign bail-outs by the US tax payer was hidden in obscure, indeed barely comprehensible financial transactions.

And because they represent less than five percent of the total bailout theft...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Aug 19th, 2009 at 01:46:57 AM EST
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