Sorry, not

Société Générale, Deutsche Bank, Barclays and UBS may have many things to apologize for. But getting a combined $37bn-plus from American International Group in the last months of 2008 certainly isn’t one of them. American indignation at the bankrupt-and-bailed-out insurer’s record is understandable, as is fierce debate about how AIG was rescued. But non-US banks – which together received $60bn from AIG - have nothing to feel guilty about. Some in Washington are already singing the too predictabl...