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So where has all that taxpayer cash that’s been shoveled into AIG gone?  Today they revealed their largest counterparties, and the top 5 — drum roll, please — are:

  • Goldman Sachs: $12.9 billion
  • Bank of America + Merrill Lynch: $12.0 billion
  • Société Générale: $11.9 billion
  • Deutsche Bank: $11.8 billion
  • Barclays: $8.5 billion

So it looks like everyone was right: Goldman did have enormous exposure to AIG and foreign banks did get massive dollops of aid from the bailout.  No wonder Lloyd Blankfein and Christine Lagarde took such a keen personal interest in AIG’s fortunes.

UPDATE: The AIG memo contains four appendices that list amounts paid out to various creditors.  I just added them up to get the numbers above, but Felix Salmon says that amounts to adding up apples and oranges.  The real action, he says, is solely in Appendix 2, which gives us a different top 5:

  • Société Générale: $6.9 billion
  • Goldman Sachs: $5.6 billion
  • Merrill Lynch: $3.1 billion
  • Deutsche Bank: $2.8 billion
  • UBS: $2.5 billion

There’s more to it than this, though.  Read Felix for more details on why further transparency is still needed.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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