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AIG and their bailout

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Smartmom
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Ok so if the thought of them handing out 165 Million dollars in bonuses was bad enough this really aggravated me to no end.....

AIG ships billions in bailout abroad

Billions of American taxpayer dollars used to bailout insurance giant AIG are flowing to some of the largest foreign banks in the world, according to new documents released by beleaguered company Sunday.

The revelation seemed sure to cause political complications for President Barack Obama and his economic team, already on the defensive Sunday over why they couldn't stop AIG from doling out $165 million in bonuses to some of its top corporate officials – even as the company was receiving a massive infusion of taxpayer funds.

The documents AIG released account for some of the more than $180 billion in aid that AIG has received, and they detailed for the first time which financial firms are benefitting from the federal handout.
In all, AIG disclosed payments of $105.3 billion between September and December 2008. And some of the biggest recipients were European banks. Societe Generale, based in France, was the top foreign recipient at $11.9 billion, Deutsche Bank of Germany got $11.8 billion and Barclays, based in England, was paid $8.5 billion.

I mean what our taxes go up so that we can fund crap like this? I'm sorry but this is like freight train on the loose. At what point does this end? At some point I would like to see us get back on track but with companies like AIG its going to be a long long road. So anyone else aggravated and disgusted at this?

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