How the AIG bailout worked

Chart from the fine folks at Clusterstock, who also brings us news that just-released AIG documents show Goldman was deeply involved in the collapse of AIG. These are the very same documents that the SEC ordered sealed on the utterly bogus grounds of “national security” but which got released because on the ongoing Congressional investigation. CreditWritedowns has the documents.

That $30 billion overpayment in the chart is money siphoned from the taxpayers to the banksters.

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