“One of the reasons we had to rescue AIG was the fact that it was going to bring down Europe,” Pennsylvania Rep. Paul Kanjorski told reporters after his subcommittee held a hearing on systemic risk.
Later, in an interview with Reuters, Kanjorski said he was told that a large number of AIG’s counterparties were European.”
That’s from a report from Reuters that also says that counterparties to AIG “made out like bandits” and that their names would not be revealed because people would stop doing business with them. Fed Vice Chairman Donald Cohn who did the stone-walling of lawmakers and reporters thinks we need more regulation.
Makes a lot of sense, right? Regulators fell down on the job so we need more regulators. And we can’t tell you who got the tax payer money to the tune of hundreds of billions, because… well…because that’s a seeeeecret.
Yes, folks. You don’t live in a republic any more. You live in a dictatorship of bankers.
Not just the Fed…also Fannie Mae, Freddie Mac, the FDIC….all are running to the Treasury. Did you see this 60 Mins segment? Scary stuff-
http://www.cbsnews.com/stories/2009/03/06/60minutes/main4848047.shtml
Yes…that’s so. But in those cases, at least, we know who’s getting the money.
In the case of AIG, the Fed is bluntly refusing to reveal who gets the money…it’s extraordinary.
Fannie and Freddie, being GSE’s, at least had some expectation of being government backed (even if they weren’t explicitly so)
And the FDIC is deposit insurance, so it can legitimately go to the Treasury.
AIG is a private insurance company…not even a bank.
AIG’s ties to the CIA are probably part of this, but don’t wait for anyone in the media to take that up.
Interesting…mercantilism at its finest.
Hi mb4 – loving your blog, the wolf, and all Indian women this side of Wicomico. Rec Mobs to all my students as required reading. I turned Pia on to your blog and now I’ve created a monster. Jai ho! my best, Mike Martin.”.
A good portion of the TARP money went to overseas (European) banks. That’s why Bernanke doesn’t want to talk about it. It would offend the white-elitist-banker cabal. Meanwhile, the US, state-controlled media sits around like a bunch of grade-schoolers waiting for the truth to fall out of the sky: “Master Bernanke, please give us the answer to our questions.” Well, I guess the “Master” does not consider us worthy, so he won’t talk.
I say, enough of this crapola. Europe is a goner, period. In the case of Britain, the nation of shopkeepers, it lets in millions of Muslims and then tries to crack down on them because they don’t share the Anglican-Christian views. England: Either don’t let the Muslims in or stop complaining. The same can be said for many other elements of the EU. I don’t want to be associated with that dried-out husk. Yet, somehow, the elitist bankers and the US govt is drawn toward the European Empire (via NATO). Time to give it up, recede, and realize that the New World Order is going to be dominated by Muslims in the Eastern Hemisphere. We can do quite well in the Western Hemisphere if we’d stop agitating the Latin Americans. But no, the Euro-elitists in the US govt (Anglo-philes) cannot have that. They’ve got to get into the knickers of the Orientals and “lord over them.” That seems to be what Anglos do.
Hmmm…
I’m not sure about all the racial dynamics.
(Anglo is only a part; there’s also the more taboo Jewish….and the Asians/Orientals have their own not-so-passive roles…I mean we’re in their dream too…)
Let’s say there’s the Amero (oil and conventional warfare)- centric empire (Reagan, Baker, Bush I in part, Scowcroft etc.) and there’s the Euro (finance and economic warfare – Clinton, Obama, ) -centric empire.
The Eurocentric empire, dominated by finance capital, has ties with all the banks in Europe and thinks nothing of bailing them out with American tax dollars because we are all socialists now…
Bush II was a kind of eccentric mix of the two with fundamentalist Christianity getting out of hand instead of just playing its designated role as stooge for the imperialists…
So back they go into the box (goodbye Sarah, until next time)
Obviously, this is all a very crude and possibly (although not intentionally) inflammatory way of putting it..