AIG Bailout Details Don't Tell the Full Story

Updated from Monday, March 16

The public outcry over American International Group's (AIG Quote) bailout and bonus fiasco has heated up measurably, but it may only have just begun.

AIG on Sunday evening released a detailed list of payouts made to trading partners, or counterparties, after months of lawmaker demands. Congressional leaders wanted information about who was benefitting from the $170 billion in public money that has so far been extended to prop up the sinking insurer.

The list, however, only relates to Sept. 16 through Dec. 31. The government has since extended additional support to AIG, and the counterparty payments do not mean that all related positions have been closed out. ...