Joe Weisenthal and Kamelia Angelova | Jan. 27, 2010, 4:12 PM | 2,349 | 8
Tags: Wall Street, Chart Of The Day, AIG, Bailout
Confused about the ongoing AIG controversy?
Don't be any longer.
Professor Linus Wilson has put together this helpful chart showing exactly how the bailout went down, complete with which banks got how much. (Click on chart to enlarge)
Two things stand out: The Treasury's overpayment for preferred stock was a crucial part of the bailout, and though Goldman Sachs is usually held up as the bad guy here, SocGen received $2.5 billion more.
Hope the Europeans appreciate your (the taxpayer) ponying up.
Wednesday, January 27, 2010
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