Geithner Plan Will Rob American Taxpayers
Posted in AIG, Bailout, Banks, Economy, Finance, Government on Mar 25th, 2009
Category Archive for 'AIG'
AIG’s Taxpayer Fleecing Must Be Stopped
Posted in AIG, Bailout, Barack Obama, Business, Economy, Government, Politics, Presidential on Mar 17th, 2009
Apparently, even under a forward looking, honest, able and liberal president, the forces of government are such that the public — like sheep meeting the shears — is being fleeced again.
The average citizen is terrified about the future and does not fully comprehend the implications of all of the bailout money - trillions of dollars [...]
Taxpayers Robbed of $10 Trillion for Bailout
Posted in AIG, Bailout, Banks, Barack Obama, Detroit, George W Bush, Government, Politics, Presidential on Feb 10th, 2009
The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.
The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years [...]
Black Hole AIG Needs Another $10 Billion
Posted in AIG, Bailout, Economy, Finance, Fraud, Government on Dec 10th, 2008
After all the money AIG’s (AIG) had shoveled at it, why does it need another $10 billion? Because, as The Journal reports, the money its gotten from the government are supposed to pay off its bad CDS bets — essentially, the money went to retiring the underlying CDO — but it’s also stuck $10 billion [...]