AIG succumbs to political will, names recipients
In a surprise move, American International Group (AIG), a beleaguered insurer, has revealed the recipients of $105.3 billion-worth of federal funds after coming under intense pressure from politicians to do so.
The insurer, which has so far received more than $170 billion in state aid, said on Sunday that it had paid more than $93 billion worth to banks across the globe. Goldman Sachs, an American investment bank, was the biggest recipient, receiving $12.9 billion. Societe Generale, a French
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