Sunday, March 15, 2009

AIG's counterparties

And the big winner is Goldman Sachs, receiving $5.6 billion from Maiden Lane, $4.8 billion from securities lending and $2.5 billion of collateral under AIGFP CDS, for a total of $12.9 billion.

SocGen got $4.1 billion for swaps, $900 million for securities lending and $6.9 billion for Maiden Lane for a total of $11.9 billion as the runner up.

Deutsche Bank got $6.4 billion for securities lending, $2.6 billion for swaps, and $2.8 billion from Maiden Lane, for a total of $11.8 billion for the show bet.

Barclays got $7 billion for securities lending, $600 million from Maiden lane, and $900 million for swaps to total $8.5 billion, edging Merrill Lynch who received $3.1 billion from Maiden Lane, and $1.9 billion from securities lending and $1.8 billion for swaps for a total of $6.8 billion.

Bank of America had $5.2 billion so the BofA/Merrill combo burned taxpayers for $12 billion, so you could actually show them as second, instead of out of the money!

The whole story is below

A.I.G.'s Biggest Counterparties


and AIG's press release is at this link.
http://www.aig.com/aigweb/internet/en/files/Counterparties_tcm385-153017.pdf

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