Sunday, March 15, 2009

Red-meat for US protectionists

This ought to get the delocalisation/protectionist crowd in the US ginned-up and ready to go, unfortunately:

American International Group Inc., the insurer saved from collapse by a U.S. taxpayer bailout, said Societe Generale of France and Deutsche Bank AG of Germany led a group of 20 foreign and U.S. banks that received billions of dollars in collateral payments after the rescue.

Goldman Sachs Group Inc., Merrill Lynch & Co. and France's Calyon, were also among recipients of $22.4 billion, AIG said as it released the list for the first time today. AIG had previously said collateral recipients couldn’t be named because of confidentiality requirements.

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