Who got AIG's bailout billions?

~ The saga continues, another day another billion dollars unaccounted for. Looks like U.S taxpayers are financing foreign firms such as Deutsche Bank AG and Societe Generale. According to Congressman Paul Kanjorski, failure to do so would have led to a complete collapse of the European banking system. Seems like the Democrats have taken it upon themselves to not only bail out insolvent U.S firms, but foreign businesses as well. Should be interesting to see how Wall Street reacts this week. 

Who Got AIG's Bailout Billions?

by Toni Reinhold

NEW YORK (Reuters) – Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.

The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured intoAmerican International Group Inc since last fall has been paid to at least two dozen U.S. and foreign financial institutions.

Read the rest here.