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The AIG Bailout Was Illegal and Was The Real Reason for TARP.

By Blurtman following x   2014 Oct 16, 12:36am 2,190 views   6 comments   watch   sfw   quote     share    

"Why did Bernanke want TARP so badly? Because the Fed needed Treasury to get the authority to buy shares, so Treasury could take the Fed’s illegally held AIG shares off their hands.

In other words, we learned that AIG was bailed out by the Federal Reserve because Paulson, Bernanke and Geithner wanted it bailed out by the Federal Reserve. They exceeded their legal authority to buy AIG for the government, and then lied about it. The $700 billion Troubled Asset Relief Program then bailed them out of this jam.

What’s really interesting is not just this allegation, but how the New York Fed — run at the time by Tim Geithner — tried to hide it. Here are several examples of New York Fed officials explicitly trying to avoid the Freedom of Information Act, as well as SEC disclosure requirements. "


1   Robert Sproul   ignore (0)   2014 Oct 16, 12:52am   ↑ like (2)   ↓ dislike (0)   quote   flag        

These financial Mafioso should be indicted as an ongoing criminal conspiracy under the RICO Act.

2   HEY YOU   ignore (7)   2016 Jan 22, 4:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

The bailout & everything that followed is what Republican & Democratic voters want.
And of course there is nothing they could do about it. LOL & FMTT

3   Quigley   ignore (0)   2016 Jan 22, 4:41pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

@hey you,
Dude, we get it, voters need to make better choices to turn the country around. They need to get active and choose candidates that represent them and not the wealthy elite. Neither republicans nor democrats have fit this bill in a long time.
But I think America is starting to get it. The front runners are Bernie and trump, which is giving the establishment fits in both parties. Which is great!

So please, just stop posting the same exact thing every time. It's beyond boring, and adds nothing to any discussion. I remember when you used to have more thoughtful posts. How about a return to that?

4   oil   ignore (4)   2017 Oct 27, 9:56pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

5   anonymous   ignore (null)   2017 Oct 28, 4:53am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley said "HEYYOU...so please stop posting the same exact thing every time"

Nearly 2 years later and he is still at it.
6   anonymous   ignore (null)   2017 Oct 28, 6:08am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Everything government touches turns to crap.

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