AIG counterparties announced, bonuses revisited

UPDATED 3/16/2009:

The Financial Times reports AIG just announced that they have posted a list of their CDS counterparties (pdf). It's also available on the AIG website(pdf).

If my calcs are correct, here's the breakdown of where money went by region/country:

US - financial institutions: $31.5bn US - state/municipal governments:$12.1bn
Eurozone: $37.9bn UK:$12.7bn
Switzerland: $5.4bn Canada:$1.1bn
Poland: $0.3bn Not labeled:$4.1bn

Total: $105.3bn

I'm tired - I'll have to revisit these calculations later.

But this means that nearly 55% of the funds left the country.

Amazing. I thought the Eurozone banks were doing worse than our banks. They may still be, but this will definitely boost their capital.

Also courtesy of the FT; in a letter to the Treasury, CEO Liddy says that AIG targets a 30% reduction in 2009 bonuses by making use of "creative restructuring solutions". Additionally, he will propose further changes to the 2008 bonuses for Senior Partners. He cautions about a departure of top talent.