Sunday, March 8, 2009

Secrets are hard to keep...

Irate Senators are demanding the names of the counterparties to the CDO trades that are reponsible for AIG's growing cash needs. The Fed, which had refused to reveal the names of the institutions that would lose big if the CDOs aren't honored, is now considering releasing them.

Meanwhile, a list "from a reliable source" has been leaked to Fortune magazine. The names are:

Société Générale (France)
Goldman Sachs (GS, Fortune 500)
Merrill Lynch International
Deutsche Bank (Germany)
Calyon, Crédit Agricole (France)
UBS (Switzerland)
Barclays (England)
Coral Purchasing, DZ Bank (Germany)
Bank of Montreal (Canada)
Rabobank (the Netherlands)
Royal Bank of Scotland
Bank of America
Wachovia
HSBC (England)
Barclays Global Investors

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