Who got all of that bailout money the Feds gave to AIG? These are the firms that were counterparties to the risky AIG credit default swaps and other derivatives.  When the transaction when south, AIG owed billions to these counterparties. So far, the government refuses to identify them.

But the Wall Street Journal is building a list of names (subscription required).

Among those institutions are Goldman Sachs Group Inc. and Germany’s Deutsche Bank AG, each of which received roughly $6 billion in payments between mid-September and December 2008, according to a confidential document and people familiar with the matter.

Other banks that received large payouts from AIG late last year include Merrill Lynch, now part of Bank of America Corp., and French bank Société Générale SA.

More than a dozen firms with smaller exposures to AIG also received payouts, including Morgan Stanley, Royal Bank of Scotland Group PLC and HSBC Holdings PLC, according to the confidential document.

The names of all of AIG’s derivative counterparties and the money they have received from taxpayers still isn’t known, but The Wall Street Journal has identified some of them and is publishing others here for the first time.

Congress should specifically condition any further aid to AIG on a full disclosure of who actually benefited and will benefit from the funding. It is only fair that there be full transparency of those firms who placed bad bets with AIG and are now looking to the taxpayer to bail them out.