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AIG¿s Financial Mess Continues to Create More Questions (AIG)
AIG¿s Financial Mess Continues to Create More Questions (AIG)
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[{"type":"text","content":"\nAIG’s Financial Mess Continues to Create More Questions (AIG)\n\n\n Mar. 16, 2009 (Baystreet.ca) -- Tom Reese/Paul Rubillo, Dividend.com\nAmerican International Group (AIG) just reported that it has paid out some large numbers to some of Wall Street's biggest investment firms.\nThe company said Goldman Sachs took in the largest amount of the payments, receiving $12.9 billion. Bank of America Corp. and Merrill Lynch together received $12 billion in payments, followed by Societe Generale , which got $11.9 billion and Deutsche Bank , which was handed $11.8 billion.\nMonies paid to these firms were used to cover collateral payments, cancel derivative contracts and meet obligations at its securities lending business.\n\nThe Bottom Line\nThis report follows another that mentioned the company would be paying nearly $165 million in executive bonuses. The mess continues to unravel as the \"follow the money\" cup game that is going on just keeps getting more and more complex. Wondering how long until the next need for further capital may be announced.\nAmerican International Group (AIG) does not currently pay a dividend.\nBe sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.\n\n\n Newstex ID: BAY-1002-33066243\n\n","length":1485,"tagName":"div"}]