AIG Names Counterparties

I think Ben Bernanke made his point - that regardless of how scummy AIG is, we have to prop them up first and then find a way to punish and regulate. Check out Bernanke on 60 Minutes here.
AIG finally names the financial institutions that it has paid, using taxpayer money, to settle its debts:

CNN: Troubled insurance giant AIG, already under fire for intending to pay out $165 million in bonuses and compensation, succumbed Sunday to congressional pressure, identifying banks that received chunks of the company's billions in federal bailout funds last year.

AIG says it "recognizes the importance of upholding a high degree of transparency" relating to bailout money.

AIG, a recipient of at least $170 billion in federal bailout money , got an $85 billion loan from the Federal Reserve.

The list released Sunday of "counterparties" that benefited from the bailout is topped by European banks Societe Generale and Deutsche Bank, which received $4.1 billion and $2.6 billion, respectively.

Wall Street firms Goldman Sachs and Merrill Lynch round out the top four, receiving $2.5 billion and $1.8 billion, respectively.

In releasing the list, AIG said it "recognizes the importance of upholding a high degree of transparency with respect to the use of public funds," in a statement.

Lawmakers have been pushing for AIG to release a list of its counterparties since last fall, arguing taxpayers have a right to know how federal aid is being used.

Reuters has an entire list.
WaPo offers more details.