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Showing posts with label bailout bill money. Show all posts
Showing posts with label bailout bill money. Show all posts
Thursday, February 2, 2012
WHERE ARE JIM, TIM AND FRANKLIN NOW?
Tuesday, January 31, 2012
INSIDE THE BACCANALIAN WALL STREET FRAT PARTY OF BILLIONAIRE BANKERS AND HEDGE FUNDERS
http://www.alternet.org/story/153943/inside_the_bacchanalian_wall_street_fraternity_party_of_billionaire_bankers_and_hedge_fund_predators?akid=8195.117050.XLHHcJ&rd=1&t=3
Just like the Roman orgies, isn't it? At our expense, of course.
I voted for RON PAUL THIS MORNING!
Just like the Roman orgies, isn't it? At our expense, of course.
I voted for RON PAUL THIS MORNING!
Saturday, July 30, 2011
AUDIT OF THE FED REVEALS $16 TRILLION IN SECRET BAILOUTS
This appeared at www.unelected.org on July 21, 2011, under the title End the Federal Reserve, and was printed in a little weekly newspaper here in Bay County, called the Bay County Bullet.
The significance of this article is not to be ignored or underestimated. Here it is:
http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts
The Federal Reserve must be deleted from our history of financial folly.
I suggest you subscribe to it - I contacted the blog and asked how. Maybe I missed something.
But you need to read this. "Our" Federal Reserve gave our taxpayer dollars, not to benefit us, but to benefit failing banks and corporations around the world, while our people are crying out and having their lives torn apart for lack of jobs.
A friend called this a.m. to bring this to our attention, though I had received the paper in the mail yesterday. Just hadn't gotten around to reading all of it.
He said he's bought and fueled a bus, stocked it with survival food, gear, etc., and in about two weeks, when we start feeling the first waves of disaster, he's bugging out. He's an old geezer - even older than I, and he's grabbing his boys and families and they're out of here.
He's pretty political, and he foresees this - American troops on the ground here and TSA (who, he says will soon carry weapons), will band together, using the services of local law enforcement (remember, they are federalized and militarized now), against us. But they won't be as much a problem as those desperate for food.
Be prepared. Be careful.
The nut cases in Congress who would do us in for global governance, want it this way.
From top to bottom, our government is about ready to collapse. But good comes from chaos sometimes; I hope we are wise enough to put our Constitution to work and "git 'er done".
(Thanks, Phil!)
The significance of this article is not to be ignored or underestimated. Here it is:
http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts
The Federal Reserve must be deleted from our history of financial folly.
I suggest you subscribe to it - I contacted the blog and asked how. Maybe I missed something.
But you need to read this. "Our" Federal Reserve gave our taxpayer dollars, not to benefit us, but to benefit failing banks and corporations around the world, while our people are crying out and having their lives torn apart for lack of jobs.
A friend called this a.m. to bring this to our attention, though I had received the paper in the mail yesterday. Just hadn't gotten around to reading all of it.
He said he's bought and fueled a bus, stocked it with survival food, gear, etc., and in about two weeks, when we start feeling the first waves of disaster, he's bugging out. He's an old geezer - even older than I, and he's grabbing his boys and families and they're out of here.
He's pretty political, and he foresees this - American troops on the ground here and TSA (who, he says will soon carry weapons), will band together, using the services of local law enforcement (remember, they are federalized and militarized now), against us. But they won't be as much a problem as those desperate for food.
Be prepared. Be careful.
The nut cases in Congress who would do us in for global governance, want it this way.
From top to bottom, our government is about ready to collapse. But good comes from chaos sometimes; I hope we are wise enough to put our Constitution to work and "git 'er done".
(Thanks, Phil!)
Saturday, April 2, 2011
Wednesday, June 30, 2010
Wednesday, June 16, 2010
Saturday, June 12, 2010
HEY, GOLDMAN SACHS - GIVE BACK THE 13 BILLION YOU STOLE THROUGH AIG!
http://dailybail.com/home/hey-goldman-sachs-give-back-the-13-billion-you-stole-through.html
Sorry for the lack of material posted - there's a huge amount to sift through. My washing machine broke.
I hate that I HAD to buy it (Kenmore through Sears) and I hate that the part will cost nearly $150 shipped to me (inflated shipping), and I REALLY HATE THAT THE PART AND MOST EVERYTHING SEARS SELLS THESE DAYS, IS MADE IN CHINA.
Sorry for the lack of material posted - there's a huge amount to sift through. My washing machine broke.
I hate that I HAD to buy it (Kenmore through Sears) and I hate that the part will cost nearly $150 shipped to me (inflated shipping), and I REALLY HATE THAT THE PART AND MOST EVERYTHING SEARS SELLS THESE DAYS, IS MADE IN CHINA.
Friday, March 5, 2010
Wednesday, January 27, 2010
Monday, January 4, 2010
Tuesday, December 22, 2009
Wednesday, December 16, 2009
Thursday, December 10, 2009
Friday, October 30, 2009
They paid 100 cents on the dollar to AIG?
http://dailybail.com/home/ratigan-spitzer-at-what-point-is-it-a-crime-we-had-absolutel.html
and the money goes round and round somewhere, but not in the pockets of the American people.
and the money goes round and round somewhere, but not in the pockets of the American people.
Tuesday, November 11, 2008
AIG and its orgy on your money from the bailout
If they HAD to have a conference, they could've had it at a Best Western! This is from Arizona Republic online.
AIG hosts $343,000 conference
117 comments by Craig Harris - Nov. 11, 2008 12:00 AM
The Arizona Republic
Days before American International Group received its latest government bailout on Monday, the troubled insurer hosted a $343,000 conference for independent financial planners at the Pointe Hilton Squaw Peak resort in Phoenix.
The company said sponsors picked up roughly 93 percent of the tab for the Nov. 5-7 conference, but the spending still drew the ire of a member of Congress and raised questions about how AIG should be operating when it is under such intense scrutiny.
The Phoenix conference was at least the second time since September the company was involved in a six-figure event at a resort. A spokesman Monday said the company has canceled more than 160 meetings or conferences in the past month.
AIG said it decided to host nearly 150 financial planners at the Pointe Hilton Squaw Peak event because of the valuable training they received and the revenue they produce.
"Our success in enlisting product sponsors to pay for the vast majority of conference costs, while charging financial planners a registration fee and for their travel, has resulted in minimal cost to AIG," Larry Roth, AIG's chief executive, said in a statement issued by the company.
The company also canceled an appearance by NFL broadcaster Terry Bradshaw, saying it wasn't a necessary expense even though a sponsor was paying for the appearance.
AIG said its total cost at the Phoenix resort, which offers guests access to a spa, fitness center and golf club, was $23,000. On Monday, AIG received a record amount for a private company when the government announced a newly enlarged $150 billion financial-rescue package that included $40 billion for partial ownership. The funding modifies an $85 million government loan obtained in September.
U.S. Rep. Elijah Cummings, D-Md., a member of the House Oversight and Government Reform Committee, said he was "shocked and disappointed" when he learned about the Phoenix conference.
"AIG is coming to the government claiming to be in critical condition and asking to be placed under intensive care, but they are still going out and partying and acting as healthy as ever," Cummings said in a statement. "It is even harder to sympathize when this company's executives continue to wade by luxury pools while the everyday American whose taxpayer dollars are being used to save the company are hard at work."
Monday's bailout, announced by the Federal Reserve and the Treasury Department, was taken as it became increasingly clear that an original financial lifeline thrown to AIG in September would be insufficient to stabilize the teetering company. Fed officials expressed confidence that the money would be repaid to taxpayers.
The government is buying preferred shares of AIG stock, giving the government an ownership stake. In turn, restrictions will be placed on executive compensation at the firm.
Marianne Jennings, a professor of legal and ethical studies in business at Arizona State University, said AIG should know better than to be associated with an expensive conference.
"The reality is they have new shareholders, and those shareholders are taxpayers who are struggling ...," Jennings said. "They can talk until they are blue in the face. But this will not fly, not in this economy and not in this bailout, with everyone cutting back."
New York-based AIG on Monday also said it lost $24.47 billion, or $9.05 per share in the third quarter, after a profit of $3.09 billion, or $1.19 per share, a year ago.
Besides insurance offerings, AIG provides asset-management services and airplane leases. Its myriad businesses also are linked to mutual funds, annuities and other retirement products.
The Associated Press contributed to this article.
AIG hosts $343,000 conference
117 comments by Craig Harris - Nov. 11, 2008 12:00 AM
The Arizona Republic
Days before American International Group received its latest government bailout on Monday, the troubled insurer hosted a $343,000 conference for independent financial planners at the Pointe Hilton Squaw Peak resort in Phoenix.
The company said sponsors picked up roughly 93 percent of the tab for the Nov. 5-7 conference, but the spending still drew the ire of a member of Congress and raised questions about how AIG should be operating when it is under such intense scrutiny.
The Phoenix conference was at least the second time since September the company was involved in a six-figure event at a resort. A spokesman Monday said the company has canceled more than 160 meetings or conferences in the past month.
AIG said it decided to host nearly 150 financial planners at the Pointe Hilton Squaw Peak event because of the valuable training they received and the revenue they produce.
"Our success in enlisting product sponsors to pay for the vast majority of conference costs, while charging financial planners a registration fee and for their travel, has resulted in minimal cost to AIG," Larry Roth, AIG's chief executive, said in a statement issued by the company.
The company also canceled an appearance by NFL broadcaster Terry Bradshaw, saying it wasn't a necessary expense even though a sponsor was paying for the appearance.
AIG said its total cost at the Phoenix resort, which offers guests access to a spa, fitness center and golf club, was $23,000. On Monday, AIG received a record amount for a private company when the government announced a newly enlarged $150 billion financial-rescue package that included $40 billion for partial ownership. The funding modifies an $85 million government loan obtained in September.
U.S. Rep. Elijah Cummings, D-Md., a member of the House Oversight and Government Reform Committee, said he was "shocked and disappointed" when he learned about the Phoenix conference.
"AIG is coming to the government claiming to be in critical condition and asking to be placed under intensive care, but they are still going out and partying and acting as healthy as ever," Cummings said in a statement. "It is even harder to sympathize when this company's executives continue to wade by luxury pools while the everyday American whose taxpayer dollars are being used to save the company are hard at work."
Monday's bailout, announced by the Federal Reserve and the Treasury Department, was taken as it became increasingly clear that an original financial lifeline thrown to AIG in September would be insufficient to stabilize the teetering company. Fed officials expressed confidence that the money would be repaid to taxpayers.
The government is buying preferred shares of AIG stock, giving the government an ownership stake. In turn, restrictions will be placed on executive compensation at the firm.
Marianne Jennings, a professor of legal and ethical studies in business at Arizona State University, said AIG should know better than to be associated with an expensive conference.
"The reality is they have new shareholders, and those shareholders are taxpayers who are struggling ...," Jennings said. "They can talk until they are blue in the face. But this will not fly, not in this economy and not in this bailout, with everyone cutting back."
New York-based AIG on Monday also said it lost $24.47 billion, or $9.05 per share in the third quarter, after a profit of $3.09 billion, or $1.19 per share, a year ago.
Besides insurance offerings, AIG provides asset-management services and airplane leases. Its myriad businesses also are linked to mutual funds, annuities and other retirement products.
The Associated Press contributed to this article.
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