Source: CCTV.com

03-09-2009 09:59

Special Report:   Global Financial Crisis

The Wall Street Journal reports that about 50 billion US dollars has been paid to at least two dozen US and foreign financial institutions. This is part of the more than 180 billion US dollars that the US government has poured into American International Group.

The Wall Street Journal reports that about 50 billion US dollars has been paid to at least two dozen US and foreign financial institutions.
The Wall Street Journal reports that about 50 billion US 
dollars has been paid to at least two dozen US and foreign 
financial institutions.

The newspaper reports that some of the banks paid by AIG since the insurer started getting taxpayer funds include Goldman Sachs, Deutsche Bank, Merrill Lynch, Societe Generale, Calyon, Barclays,

HSBC, Royal Bank of Scotland and a number of other top US and European banks. AIG's 60 billion US dollar fourth quarter loss was the biggest ever for a US company. Lawmakers have pressed the insurer to disclose its counterparties and have slammed the secrecy of banking bailouts. One lawmaker said AIG had to be bailed out because otherwise it was "going to bring down Europe."

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Editor:Qin Yongjing