Now it makes sense (AIG)

[Knighted]

http://finance.yahoo.com/news/AIG-says-emergency-aid-used-apf-14644920.html

"NEW YORK (AP) -- American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts.

The company, now about 80 percent owned by U.S. taxpayers, has received roughly $170 billion from the government, which feared that its collapse could cause widespread damage to banks and consumers around the globe.

Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion ..."


Sounds like Goldman Sachs received the most of AIG's paidout bailout money. Funny how the trail always seems to lead back to them.

[danberkeley]

It makes sense since all banks own each other and other finacials. Look at the biggest institutinal holders of Goldman Sachs (http://finance.yahoo.com/q/mh?s=GS).

[MsDoodahs]

Is there any outrage over this or are the majority of americans pretty much "heh, who cares? Just execute Madoff and give me a check."

:confused:

[Sandra]

Is there any outrage over this or are the majority of americans pretty much "heh, who cares? Just execute Madoff and give me a check."

:confused:

Not to mention when all those auto insurance companies go under when AIG does.

[Emmitt2222]

So people are aware...

It is considered fairly common knowledge on the Street that AIG was bailed out primarily because of the promptings from Henry Paulson. It has been well documented that if AIG went down, then GS would most likely have gone down with them.

Since this has been known for quite some time, I suspect the outrage to be minimal. For the average person, however, this really should make them realize the extent to how shady this all is.

Also, if you don't already know, Lehman was considered a direct rival to GS. Funny how that all worked out :rolleyes::mad:

[HOLLYWOOD]

Well,

The Puppet Masters are the Banks... and especially the TPTB and string pullers: Goldman Sachs and JP Morgan/Chase.

So, when you cannot use American Taxpayers dollars to BAILOUT/AID foreign enitities without government disclosure, how do you do it? Through secondary party like AIG. Many People keep forgetting the INSURANCE industry IS the OTHER partner with banks and government, which are the 3 FISCAL STOOGES of America.

Another reason not to give the Federal Government another dime.

Look for the Massive Department of Propaganda to ramp-up their selling of the $3.6 TRILLION government Theft and Racist budget by Obama and his Minions.

Who's the next for Bonuses, Bailouts, and Fraud?


So people are aware...

It is considered fairly common knowledge on the Street that AIG was bailed out primarily because of the promptings from Henry Paulson. It has been well documented that if AIG went down, then GS would most likely have gone down with them.

Since this has been known for quite some time, I suspect the outrage to be minimal. For the average person, however, this really should make them realize the extent to how shady this all is.

Also, if you don't already know, Lehman was considered a direct rival to GS. Funny how that all worked out :rolleyes::mad:

[ghengis86]

http://finance.yahoo.com/news/AIG-says-emergency-aid-used-apf-14644920.html

"NEW YORK (AP) -- American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts.

The company, now about 80 percent owned by U.S. taxpayers, has received roughly $170 billion from the government, which feared that its collapse could cause widespread damage to banks and consumers around the globe.

Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion ..."


Sounds like Goldman Sachs received the most of AIG's paidout bailout money. Funny how the trail always seems to lead back to them.

well....duh...

[Elwar]

I like how companies will claim "None of the bailout money went toward that".

That's like a bum asking for money saying it won't go towards drugs. Just that when you give him the money for food, he'll be able to use his food money for drugs (if he was an 'honest' bum). Win win...