AIG Counterparties

Everyone is outraged by the AIG bonuses in the millions.  However, AIG had to make good on its contracts in the derivatives arena (insurance claims).  So, The U.S. Government gives our money to AIG who then pays out these claims so that the system will not fail.  Some of this $180 Billion appears to have gone to banks who were also given direct bailout money by the Treasury.  Double Dippin’ makes taxpayers very angry!

See: http://www.slate.com/id/2213942/   

 

Psalms 106:36  And they served their idols: which were a snare unto them.