Monday, January 25, 2010

Banker Jekyll Will Hyde Your Money - 5

You have little chance of a bail out if you are middle class or poor Americans.

You have a better chance if you are a rich foreigner, according to emails being revealed by Reuters:
More than a year later, the Fed's bailout of AIG remains controversial because it funneled nearly $70 billion to 16 big U.S. and European banks that had bought credit default swaps from AIG.

Banks like Goldman Sachs Group Inc, Societe Generale and Deutsche Bank had bought those insurance-like derivatives to guard against defaults on hundreds of securities backed by subprime mortgages.


The new batch of emails, along with others that have become public in recent weeks, reveal that some at the New York Fed had gone to great lengths to keep the terms of the bailout private and the SEC may have played a role in contributing to some of the secrecy surrounding the AIG rescue package.
(Reuters, bold added). They do not want you to know what foreign nations they are sending your money to, nor under what circumstances they have done so.

We have discussed the many paths federal money is walking out of the country on, and where those paths lead.

See: Banker Jekyll Will Hyde Your Money - 4, 3, 2, and Banker Jekyll Will Hyde Your Money.

Concerning the AIG side of it, and how AIG and some other big U.S. aerospace companies (who are also media corporations) have ponzi patterns, see: Getting Caught Is The Only No No or Banque AIG & Family.

Following the money leads to every war zone, every drug zone, and every oil zone on the planet.

But never to those in dire need in the U.S. where the money is being plundered from.

No wonder they want to cover it up with the "state secret" doctrine.

The next post in this series is here., the previous post in this series is here.

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