April recovery #2

Another thing that should not be underestimated in the "profits" for the first quarter this year is the effect of bailing out AIG. The money was drained into the global financial system, which was tallied for a few of the larger recipients by Yahoo News as follows:

Through three separate types of transactions, Goldman received an aggregate $12.9 billion. Among European banks, SocGen was the biggest recipient at $11.9 billion, Deutsche got $11.8 billion and Barclays was paid $8.5 billion.

Additionally, many states were bailed out through AIG, with the largest recipient, California, receiving over $1 billion.