Re: SC76

http://survivalacres.com/wordpress/?p=1476#comments

Fed Takes Control of AIG With $85 Billion Bailout

Completely unconscionable and let me point out that it’s not the Fed; it’s the US taxpayer.

The US, which is already in a severe credit crisis and recession, although the media refuses to admit that fact; mounting inflation, an endless stream of job losses from week-to-week, home foreclosures and falling values of the same; where earlier this year the Fed forced taxpayer’s to take ownership of Bear Stearns, Fannie Mae And Freddie Mac, give a billion in “aid” to Georgia after it’s skirmish with Russia, greased the plumbing of the financial wheel countless times including yesterday morning just before the markets opened when the Fed injected $50 billion dollars.

Let’s not forget the billions in aid that will be required to restore the damage after hurricanes Gustav and Ike. Katrina’s damage 3 years ago is still left largely unattended.

Yet, this morning, the Fed threw more money at another institution to save those that could really care less about you or I - an insurance company; namely AIG; to the tune of $85 billion! I’m almost convinced that there was back dealing with the Fed as far as Bank of America buying Merrill Lynch for $50 billion is concerned. Also, why does AIG, that boasts a trillion dollars in assets need a handout of $85 billion? Because none of that was liquid. It’s akin to someone saying that they ‘own’ their car and their house in conversation, yet it is the bank that holds the title to those items.

Is it me or am I the only one wondering where this $85 billion is coming from and how it is that anyone could feel that the US and it’s financial institutions that are by all means, insolvent; could lob another bomb onto it’s citizens that have no money (hence job losses), their credit is maxed out, who are losing their homes (more now so), losing their vehicles, inflation is rising and now that will surely skyrocket. If people had little or no money before, this will just send that out of the park.

Foolishly. How long will foreign investors hang on when the see the US for what it is; insolvent, it has a very little industrial base anymore and it’s citizens are in hawk up to their eyeballs? Probably why Europe’s banks are abandoning dollar lending, eh? If people had half a brain they would pull their money out of AIG completely; stocks, insurance policies; lock, stock and barrel. Then find out if any of their pensions or 401K are invested in this nonsense and move it out.

This corporate welfare will curb nothing. In actuality, the Fed just sped up financial collapse of the US. This is being called a 2 year loan. 2 year loan my ass. AIG fell on it’s own for good reason, up until now. Bad investments with policy and stock holders’ money no doubt and now those that don’t want any part of this are forced to hold the bag - again..............

The Russian stock market just closed trading as the chaos from the AIG situation reverberates around the world. The Federal Reserve, 12 mega private central banks owned by the ultra elites once again is making illegal decisions which are transferring the losses of corrupt finacial institutions to the backs of taxpayers to the tune of 85 Billion. The whole thing is a huge scam. These people and entities making these decisions are not part of the US government. The main media news outlets are complicit in perpetuating the myth that the Federal Reserve is a government entity. They continue to show images of the Fed building, a structure purposely made by the Fed to look like a government building with its " bold " giant Eagle ( just like on the money ) atop its entrance, and in the same news stories the main media talk about the policy moves of the Fed/Goverment in back and forth repetition in such manner that the public is caused to think that the Fed is part of our US government. The Fed is run by a cabal of elite crooks who's interest and actions are to increase the wealth and power of these huge central bank controllers. The US Taxpayer is just a pawn in the massive corrupt pyramid scheme they have built. Well this House Of Cards is falling big time and these criminals will continue to manipulate the US financial policy in anyway they can to cover their butts, at the expense of you and me. Its surely Capitalism's finest hour!