By: homunculus
The Big Takeover: The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution
View ArticleBy: marsha56
And just when you thought it couldn't get any worse: AIG sues Government for $306 Million in Tax Payments.
View ArticleBy: homunculus
Perp Walks Instead of BonusesRobert Scheer on AIG Bonuses, the "Backdoor Bailout" and Why Obama Should Fire Geithner, Summers
View ArticleBy: Artful Codger
When a bond is issued, there is insurance issued as well, a guarantor agrees to pay if the issuer can't. Problem is the agreements say that if the insurer goes, the whole note is payable on demand....
View ArticleBy: jefftang
It's pointless to muster outrage that this is how the funds are being spent. The whole point of the AIG bailout was so they could pay these obligations. If AIG was simply broke, they could have been...
View ArticleBy: delmoi
Anyone else notice that AIG's stock tripped in the past few days? I think it may be because the government owns 79%, and if they own any more they might have to be responsible for AIGs (potentially...
View ArticleBy: ornate insect
AIGFP needs to be separated from its...parent and put into temporary government receivership.
View ArticleBy: Ironmouth
The question is simple--will AIG going down cost more than keeping AIG afloat? The anwser is it costs more for them to go down because of the collateral effects of what happens. AIG is tied to a lot of...
View ArticleBy: Ironmouth
Interesting to see Rabobank there. They've been rather vocal about them not being caught up in the whole subprime mess, unlike its major Dutch competitors Rabobank is getting the money because they are...
View ArticleBy: ornate insect
Despite Cuomo's subpoenas, AIG is not releasing its bonus information.
View ArticleBy: ornate insect
Question: Why is hedge-master Joseph Cassano, the guy who ran AIGFP in London (ground zero in the financial bubble) not in jail? His CDS chop-shop, which blew half a trillion dollars, and which he ran...
View ArticleBy: delmoi
To all the people pointing out how this is now "Obama's" fault, and that somehow those of us who are angry and frustrated at the bailout are hypocrites: Wrong. correct Fixed that for you. Seriously,...
View ArticleBy: ornate insect
Geithner's plan [TALF] to invite private equity and hedge fund investors to a fire sale of bank assets is a return to the very same policies and practices that triggered the financial crisis in the...
View ArticleBy: Smedleyman
Yeah, that's what strikes me - the government owns 80% of the company but AIG was refusing to disclose its trading partners, all that. And this "Privacy Obligations" regarding the recipients for the...
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