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In TRUTH, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great BENEFICIARIES have been the creditors and counterparties at the other END of A.I.G.'s derivatives deals - firms LIKE Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS.
Author - Tyler Cowen Subject - Environmental
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