Who's Who on AIG's List of Counterparties

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American International Group (AIG) broke the customary code of silence around financial transactions when it published a detailed accounting of its financial counterparties on Mar. 15. The pressure to do so had come from Congress, insistent upon learning the companies to which U.S. taxpayer aid had flowed. AIG explained its disclosure as a bid for "transparency," but the data were just as much an opportunity to demonstrate the systemic risk AIG had long claimed its demise would pose.

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