Beyond the AIG Bonuses

The $135 million in AIG bonuses is less than 0.1% of the $183 BILLION that the U.S. Treasury gave to AIG as a "pass-through" to its counterparties. But a thousand times that magnitude went somewhere else. Who? For over six months, the public media and Congressmen have been trying to find out just where this money DID go. Bloomberg brought a lawsuit to find out. Only to be met with a wall of silence.

Finally, on Sunday night, March 15, the information was finally released. The largest recipient turned out to be Treasury Secretary Paulson’s own firm, Goldman Sachs. [A little history: Last September Paulson drew up a terse 3-page memo outlining his bailout proposal. The plan specified that whatever he and other Treasury officials did (thus including his subordinates, also from Goldman Sachs), could not be challenged legally or undone, much less prosecuted.] Hellooo, is anybody out there?

Read The Real AIG Conspiracy.