Bailouts
The end of america as we know it?: Why the End of America is Closer than You Think
The U.S. dollar will eventually collapse or be abandoned. This could happen literally overnight, or it could take years, but make no mistake: The American people will not be forewarned of the collapse of the dollar. It will be a sudden, surprise announcement, and all the politicians and banking elitists who engineered the whole thing […]
Orlando ‘Tea Party’ rally draws more than 4,000
Valerie Rike, 52, (left) with sister Christy Bishop, 59, attend the ‘Orlando Tea Party,’ a conservative rally Saturday at Lake Eola, downtown Orlando. (Helen Eckinger, Orlando Sentinel / March 21, 2009)
Singer Lloyd Marcus told the crowd assembled in Lake Eola Park on Saturday that he was going to give them his take on […]
The Real AIG Scandal
The transfer of $12.9 billion from AIG to Goldman looks fishier and fishier. ___ The AIG scandal is getting ever-more disturbing. Goldman Sachs’ public conference call explaining its trading relationship and exposure with AIG established once again that Goldman knows how to protect itself. According to Goldman, even if AIG had failed, Goldman’s losses would […]
NewsBreak: Connecticut. Attorney General says AIG paid $218M in bonuses (higher than the $165 million previously disclosed)
Connecticut’s attorney general says documents turned over to his office by American International Group Inc. shows the company paid out $218 million in bonuses, higher than the $165 million previously disclosed.Attorney General Richard Blumenthal’s office received the documents late Friday after issuing a subpoena.
Blumenthal says the documents show that 73 people received at least $1 […]
AIG tells employees:”Don’t wear anything that says AIG on it”
‘Don’t wear anything that says AIG on it’: Under-fire insurer gives employees security tips as fury over bonuses grows
Lawmakers approve legislation that could see bonus payouts taxed by 90 per centAmerican International Group has sent a secret memo to employees giving them security tips as fury grows in the U.S. over millions paid out in […]
Ron Paul: Quit bankrupting this country & MONITOR THE FEDERAL RESERVE
You need to a flashplayer enabled browser to view this YouTube video
Bailout the World: U.S. Injected Billions Into Foreign Central Banks
For more than a year, the U.S. Federal Reserve System has been increasingly acting as the world’s central bank, injecting hundreds of billions of dollars into foreign government treasuries in an effort to increase liquidity in those countries.
The foreign central banks have used the U.S. currency to bail out financial institutions within their borders. The […]
U.S. 2009 Budget Deficit Revised from $1.2 trillion to $1.8 Trillion
The Congressional Budget Office is expected to forecast the U.S. budget deficit will likely hit a record $1.8 trillion in fiscal 2009 and $1.4 trillion in fiscal 2010, according to a source familiar with the numbers.That would be up from CBO’s January forecast of almost $1.2 trillion for fiscal 2009 and double the $703 billion […]
Explosive E-Mails Over AIG:Documents show AIG bonuses were reviewed by Treasury Department officials months ago
[Via FoxNews] Treasury officials proposed limiting annual bonuses for all employees of American International Group in November, as they were negotiating the government’s first investment in the troubled firm, according to a document obtained by FOX Business.
In a Nov. 5 e-mail to a Treasury and Federal Reserve officials, an outside attorney working […]
The Obama Deception - The Truth Strikes Back (Shocking Video)
You need to a flashplayer enabled browser to view this YouTube video
Generational Theft: Additional $1 trillion deficit projection
Make that $1 trillion more (Obama lied about deficit estimates)
The Politico ^ | March 19, 2009 | David Rogers
Posted on Thursday, March 19, 2009 10:55:38 PM by St. Louis Conservative
With new estimates due Friday from the Congressional Budget Office, the White House is being warned to expect a grim set […]
Not the America I know:Acting with lightning speed, the Democratic-led House has approved a bill to slap punishing taxes on big employee bonuses from firms bailed out by taxpayers. The vote was 328-93.
Acting with lightning speed, the Democratic-led House has approved a bill to slap punishing taxes on big employee bonuses from firms bailed out by taxpayers.
The vote was 328-93.
Keep reading here
Sen. Chris Dodd Throws Obama under The Bus (Dodd: Administration pushed for language protecting bonuses)
Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.
Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.
—snip–
“I agreed reluctantly,” Dodd said. “I was changing […]
Sen. Chris Dodd facing fresh political firestorm
Sen. Chris Dodd (D-Conn.) looks like he may be facing a fresh political firestorm.
Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after previously denying any involvement in writing the controversial provision. .
“We wrote the language in the […]
BREAKING NEWS: Dodd Says loophole that protects AIG Bonues added per request of the administration
Video of Dodd is halfway down the page. He slams Obama/Geithner for the flip flop, among other things.
http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/
Not looking good for Obama: Obama Received a $101,332 Bonus from AIG
Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
(Excerpt) Read more at examiner.com …
6,000 Angry Letters Delivered to Congress and White House.
You need to a flashplayer enabled browser to view this YouTube video
Only in America is failure rewarded: AIG executives to receive $165 million bonuses for losing trillion of dollars
It’s an outrage that American International Group executives expect to receive huge bonuses — of more than $165 million — for such ruinous deals that taxpayers have had to prop the company up with $170 billion in bailouts.
If AIG succeeds in taking taxpayers for fools, the White House can kiss future bailouts goodbye.
President Barack Obama […]
After a loss of $61.7 billion for the fourth quarter of last year, AIG to pay $165 million in bonuses
American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars.
AIG is paying out the executive bonuses to meet a Sunday deadline, but the troubled insurance giant has agreed to administration requests to restrain future payments.
The Treasury Department […]
Citigroup shares tumble below $1
Shares of Citigroup (NYSE:C - News), once the world’s most valuable bank, tumbled below $1 on Thursday, taking its year-to-date drop to 85 percent.
Citigroup, a Dow component, fell more than 13 percent to an intraday low of $0.98, hammered by continued fears over the bank’s health and ability to avert nationalization.
About two years ago, Citi’s […]