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How The AIG Bailout REALLY Worked

CHART OF THE DAY: How The AIG Bailout REALLY Worked

Courtesy of Joe Weisenthal and Kamelia Angelova at Clusterstock/Business Insider

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.

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.

chart of the day, aig bailout

 


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