Scontras: Pingree donor Donald Sussman's fund received $200m in bailout funds
“Paloma Securities received $200 million of taxpayer dollars each between September 18 and December 31, according to the list of AIG counterparties released.”
Donald Sussman’s Paloma Partners (of Congresswoman Pingree fame) was a counterparty to the failed portion of AIG!!!! In other words, Paloma Partners participated in the controversial credit swap derivatives with AIG. They lost when AIG collapsed. However, they were bailed out. Though being filthy rich, Paloma received $200 million of tax payer, bail out money! Many employees then turned around and donated in excess of $43,000 to Chellie Pingree, according to filings.
Read the whole post here.