Re: SC88

http://www.globalresearch.ca/index.php?context=va&aid=12839

AIG is a Legal Money-laundering Ring

The Circle of Financial Life, AIG, Goldman Sachs, Bank of America, and Others…

There is a very tight financial circle spinning in perpetuity. There are players on the inside and there are others on the outside, forever looking for some sort of break, trying to figure out just how to stop this insidious circle from spinning… Like a tornado, it sucks money into it, but never seems to throw any out. Thus is the disaster that is the current United States Financial crisis.

It was reported by several outlets that AIG, after receiving $170 billion-plus in taxpayer-funded bailout money, is paying “bills.” Some of those “bills” were in the form of bonuses…$168 million in bonuses, to be exact. But, the most disgusting “bills” paid by AIG, in my opinion, were the ones they paid to Goldman Sachs, Bank of America, CitiGroup, and a few others. Yes the very same companies to which our government (from here on out, I will use the term lightly, as it doesn’t seem able to “govern” anything!) took the liberty of bailing out, along WITH AIG…

That is, AIG paid, according to a report meant for transparency, Goldman Sachs $12.9 billion, Merrill Lynch $6.8 billion, Bank of America $5.2 billion, Wachovia $1.5 billion, Morgan Stanley $1.2 billion, JP Morgan $400 million, among others. The funny thing about this is that ALL these institutions also received bailout money from the “government,” as well, so they have now received a double dose! Please tell me I am not the only one to find this utterly appalling! Enough is enough!

On top of that, AIG paid several foreign banks, as well. France’s Societe Generale received a whopping $11.9 billion, Deutsche Bank in Germany received nearly that at $11.8 billion. Barclays of England faired well at $7.9 billion and the Swiss UBS received $5 billion, among others…so, our much-needed money is going overseas! Now, granted, it was the dim-witted US financial institutions that caused the global meltdown, but come on!

Add to that, AIG paid itself $2.5 billion, and it paid AIG International $600 million. Now, before we go too much farther, technically speaking Maiden Lane III paid AIG the $2.5 billion, as well as portions of the other payouts, but Maiden Lane III was set up for AIG by the New York Federal Reserve office to handle AIG business…so…the way I see it, they are the same company!

Why is it so hard for our “government” to let AIG fail and let other, (yes, smaller) companies pick up their slack? Why is this a bad idea in the “land of opportunity?” Our “government” has committed money to the favored, yet utterly worthless, AIG several times, and AIG is still failing. The “government” isn’t, however. Our “government” is shifting from a Constitutional Republic to a Fascist state right before our eyes and there seems to be little we can do about it…AND, our “government,” on behalf of the US taxpayers, now owns an 80% controlling share of AIG…as a result of the huge bailout. Maybe that sheds some light on it!

Over the past six months, our “government” has committed money (that wasn’t theirs to commit) to AIG, to the tune of $170 billion. To put the $170 billion into perspective, that is about $555 PER PERSON living in the US right now. A family of 4 has paid approximately $2,220 JUST to AIG in this bailout fiasco! How many of us have lost jobs because of the nefarious dealings of AIG and all the others that caused this economic disaster? Let’s put things another way…The War in Iraq, at the time of this writing, has only cost us (I use that lightly as well!) right around $656 billion.

Our economy is tanking and while it was not our “policies” that caused it, our representatives are dedicating our funds to these shoddy businesses to fix it, all the while letting the criminals at the helm of these derelict companies get away with barely a slap on the wrist. These companies and our “government” make unwise decisions and we pay for it. I guess it is easy to make daring mistakes if you have a guarantee that someone else will pay for them!...........

............I’ve decided with all these inside-the-circle payments, that AIG is a legal money-laundering ring.

This is an incessant circle of destruction that is continually fueled by more and more taxpayer money….......

AIG is " too big to fail " because the Federal Reserve, the entity used by the elites to plunder the masses has used the entity of AIG as a means to further monumentally sized pilfering of public wealth. As seen above in this article, " Maiden Lane III was set up for AIG by the New York Federal Reserve office to handle AIG business… " the FED is behind the scenes pulling the strings and setting up the various nefarious constructs of these rigged bailout scams of great complexity. The Fed trotted out Bernake earlier this week having him put on his happy friendly face and speaking of things which imply that the Federal Reserve is here to help, and that they care about the plight of the working class. What a joke! While they shake your hand a smile they are stabbing you in the back in ernest. Only a mass up-rising of public action driven by its angst for these pirates will change anything.