Here are some more numbers to think about
We The People bailed out AIG to the tune of 180 Billion Dollars that is 180,000 Million Dollars yes
One Hundred and Eighty Thousand Million Dollars
Remember AIG is a Private Insurance Company
Read Article by Connie Madon
The U.S. banking crisis is getting more and more bizarre by the minute. We now focus on AIG. This is probably the greatest understatement of the decade: “AIG, American International Group Inc. (NYSE AIG) is in one hell of a mess.” The US Treasury has bailed out AIG several times since last September to the tune of at least $180 billion. No one knows for sure where the money went. Regulators refuse to identify AIG’s counterparties. The US Federal Reserve refuses to publicize a list of AIG’s derivative counter parties.
As best as can be determined monies went to various banks, some of these in Europe. The Wall Street Journal reported that about $50 billion has been paid to other banks including
Goldman Sachs Group Inc. (NYSE
GS), Deustche Bank AG, Merrill Lynch, Societe Generale, Ratobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander,
Morgan Stanley, (NYSE
MS) Wachovia,
Bank of America Corp. (NYSE
BAC) and Lloyd’s Group.Congress says it is outraged. It seems a bit late to be outraged. This bailout giveaway has been going on since last September and only now is anyone trying to get some answers. Congress should have known that giving money to the greedy bankers of Wall Street would simply be passed around among their friends. Now Senator Dodd says: “That we find ourselves in this situation is — quite frankly sickening.” Eric Dunalo, Superintendent of New York State’s Insurance Department said: “It’s like taking insurance on your neighbors house and even maybe contributing to blow it up.” Than sums it up nicely.
Do you believe that AIG executives should be made to account for every penny of their bailout money?
I am a 63 year old Great Grandmother who worked her whole life. I managed and marketed apartments and hotels. I am on a mission. I was never political. My opinion was whom ever was in did what they wanted so...it was just a matter of opinion Demarcate or Republican.
I NOW KNOW HOW WRONG I HAVE BEEN. We the people need to stop the Republican Party by showing our displeasure for MAKING US GO WITHOUT FOOD, ELECTRICITY, ALLOWED PEOPLE TO BE EVICTED FROM THERE APARTMENTS....ON AND ON.. over the Unemployment Issue.
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