Why did bail out partner AIG get approval to send billions to many foreign banks?AIG has served as an automatic conduit for billions and billions to banks overseas who bought AIG subprime loans. Crazy or what? Have we been bailing out German, Chinese and other foreign banks? Hell, they are out of control in the U.S. Congress. Just printing up money, borrowing and the Fed is loaning and... |
I wonder how much of that bail out money has made it's way to the pockets of those approving the funds.
It seems like Wall Street bought the election of Barack Obama. And even if he didn't win, they still had the other side pretty well covered.
Campaign contributions to those mentioned below:
AIG
http://www.opensecrets.org/orgs/recips.p...
Dodd, Chris (D-CT) Senate $103,100
Obama, Barack (D-IL) Senate $101,332
McCain, John (R-AZ) Senate $59,499
Clinton, Hillary (D-NY) Senate $35,965
Baucus, Max (D-MT) Senate $24,750
Romney, Mitt (R) Pres $20,850
Biden, Joseph R Jr (D-DE) Senate $19,975
Citi Inc.
http://www.opensecrets.org/orgs/toprecip...
Senate Obama, Barack $607,232
Senate Clinton, Hillary $425,367
Senate McCain, John $323,751
Presidential Romney, Mitt $168,550
Senate Dodd, Chris $157,744
Presidential Giuliani, Rudolph W $149,800
Bank of America
http://www.opensecrets.org/orgs/toprecip...
Senate Obama, Barack $245,959
Senate McCain, John $135,650
Senate Clinton, Hillary $106,071
Chase
http://www.opensecrets.org/orgs/toprecip...
Senate Obama, Barack $608,958
Senate Clinton, Hillary $279,544
Senate McCain, John $214,757
Chris Dodd and Barney Frank probably have accounts over there.
I think Geitner's dad deposits Timmy's allowance in one of those banks too.
That's what happens with "globalisation"
A house of cards is created transcending national borders, tying the world's economies up to each other.
One fails, they all fail.
Multi-national corporations with their fingers in multiple national cookie jars are part of the problem.
Because that is what the company does? They are insurers. The things they insured lost value, and the people that got the money bought insurance against that.
Lies, lies lies. Never happened.
