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Obama Tries to Stop AIG Bonuses

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phoenixgirl3/16/2009 12:02:48 pm PDT

re: #542 Westward Ho

AIG is deemed to big to fail by the financial elite because they are the single largest holder of Credit Default Swaps. If you want your outrage meter to explode the largest foreign receiver of the Bail out funds from AIG is a FRENCH bank Societe Generale
American tax payer money is bailing out French banks.

why would aig bail out french banks? is it because those banks were insured by aig and aig is meeting their obligation to pay out on a valid claim? i’m not trying to be snarky, i’m trying to figure out this whole thing.