The AIG scandal is on rise. It has become public that AIG, a nationalized insurance group, after considerable US Treasury donations refused to disclose what were some shares of the donations for.
Let us remind you that earlier AIG Group transferred 93 milliard USD to accounts of their partners that are large European banks, including Goldman Sachs, Societe General, UBS, Deutsche Bank and Merrill Lynch. The money transferred are claimed to be part of the State donation that totaled 160 billion USD primarily expected to be paid for default obligations and other papers.
Eduard Liddy is about to report during the US Congress session about the situation. The scandal is getting more serious because of several reasons. First, Goldman Sachs is considered to be a most politicized financial structure in the US. Second, Henry Polson who is currently the head of the US treasury used to be heading the Goldman Sachs. And thirdly the scandal is getting top-people of the United States involved. The US President Barak Obama severely criticized the AIG actions while he was making his speech dedicated to the country support for small businesses. He requested the list of all the contra agents that the AIG Group paid using the Treasury support funds. The President joked to have choked with anger while making the speech.
The case will be loud and resonant as it’s the first and not the last evidence of a large corporation misusing the state rescue funds. It is about to be public in order to teach the other corporations that received the state money to use their funds the right way.
