Goldman Sachs et al have received the brunt of the tongue lashings since AIG disclosed yesterday which financial institutions received payments last fall. And though we would never suggest you throw ire at our favorite midwestern hedge fund, we also don’t think it should be left out of the fun.
Citadel Investment Group and Paloma Securities–a branch of Conn.-Based Paloma Partners–were paid $200 million each of taxpayer dollars between Sept. 18 and Dec. 31, according to the list of securities lending counterparties released on Sunday by AIG.
According to the insurance giant, the payments were contractual obligations of AIG under its securities lending agreements.
Two Hedge Funds Among Recipients Of AIG’s Bailout Bucks [FINalternatives]
why you always pickin on my boy kenny?
That’s “contractual obligations” ! You are an idiot if you call that a “bail out”.
@2- please familiarize yourself with the terms ‘sarcasm’ and ‘hyperbole’ before commenting again.
Maybe the AIG bonuses will help Andre Balazs out? Looks like the William Beaver House needs a bailout:
http://tinyurl.com/ckgtl8
4,
Is that for real? What next, 10 Hanover? Where will GS peeps sleep & workout after all is said and done?
The world is a vampire, indeed.
@5. I was told the buyers are suing the developer. Seems the GS peeps are not pleased with their beaver! Too much William, not enough Beaver?
Bess:
You should have told #2 what a moron he/she is, rather than changing the title. Some of us enjoy it when you rip into someone who deserves it.
The Fed’s injecting money into AIG is a bailout for AIG’s counterparties. Much of the recent crisis was caused by credit default swaps; all counterparties could’ve hedged AIG’s default risk but instead speculated naked; counterparties earned larger spreads dealing naked with AIG and thus had been compensated for the speculative risk. Only socialists and thieves approve the bailout of AIG’s counterparties.