US Government Uses Bailout to make 73 New Millionaires in NY AIG, the nationalized insurance giant continues to hand out million dollar bonuses to the same individuals that created the financial frauds that stripped the people of America of their wealth, homes and well being. The government took over AIG last fall and owns over 80 percent of the insurance industry. Working to continue the continuum the government has handed out over 150 million of money it borrowed from China to reward the people who crushed the company it took over.
The Bush administration is working fevershly with the private Federal Reserve to nationalize the losses of bankers, Wall Street, Insurance companies, and Money Market fraudsters.The understood reason for this urgency, before the markets open in the Far East, is the bankers in other countries want in on the free for all money give-a-way.
While it may astound you to see the government nationalizing corporate losses as they privatize their profits this Sunday found Paulson sticking up a free money sign. With everyone in a panic and not allowing the failed companies to die the death they deserve Paulson has the nerve to insist the USA take on all bad debt of foreigners, foreign banks, and foreign investments. All that is necessary is for Paulson to say it is needed to stabilize an out of control banana currency.
Cooking a good pie is not easy but manipulating the stock market is as easy as baking one. That is why I left it as an investment vehicle in the mid 1980s.
I had been doing extremely well on the stock market mostly to due diligence in picking the stocks and knowing things about companies. Inside knowledge of the computer industry and a global network of friends with information aided me. I learned a few tricks about the stock market. How pricing was done, top and bottom marketing as well as placing the orders in the pit and how they were executed and more importantly why they would get executed. I am not going to divulge the whole secret to manipulating a stock here, at least not yet.
In the latest coup by bankrupt bankers Paulson, Sec. Treasury has colluded to back all the "toxic loses" of all banks, investment houses or anyone holding a billion in bogus debts. These loans are so bad no one would touch them with a ten-foot pole and the US government, in its last days of the Bush Administration has nationalized the debts of every big banker, money market, or insurer. Profitable debt can remain in private hands; this all comes paid for with tax dollars. You lose America; your money will now have to devalue 50 percent more in the next months while the USA banks reap more profits now that you took the debts! Bonus for all the CEO's please!
Today the UK matched the USA stopping short-selling of stocks. The blatant and obvious point of it all being that you are allowed to play the game of buying and shorting when the market is going up, but not when it is going down. Just as the government is all about taxing profits it will not be partners in your loses or bad days. That is unless you are a very wealthy banker with political friends you have funneled millions to their election over the years.
As the monetary systems of the world collapse around the bungled real-estate bubble a new world order of banks is rising. Consolidating the failing loans, loans with speculative or bogus collateral, with other banks holding the same bogus paper is not going to float the ship.
It was standing there glaringly apparent to all but the economic transients working for a living. While the current banking failure can be traced back to the creation of the government backed mortgage banks the real failure is in the currency and the greed career politicians and what are known as central bankers.
Todays headlines are "Tumbling stocks and rising government financal instruments"
With a fiscally out of control government trying to plug up holes during an election year almost every step to financial ruin is being taken. Stocks must tumble from their artificially inflated prices as the money to speculate and make the rising prices disappear. Stocks must tumble as the government steps in to nationalize commerce. This week also saw dropping mortgage rates and how that fits in brings you to the twilight zone.
As the US government nationalized the home mortgage market the week has started with an abundance of mortgages available at rates not seen since last year. After bailing out Fannie Mae and Freddie Mac, absorbing close to 700 billion in outstanding bad mortgages onto the tax payers backs the newly government run corporations find they have an inside track on cheap money and virtually print at the expense of future generations diluting an already devalued dollar.
Cooking a good pie is not easy but manipulating the stock market is as easy as baking one. That is why I left it as an investment vehicle in the mid 1980s.
In the latest coup by bankrupt bankers Paulson, Sec. Treasury has colluded to back all the "toxic loses" of all banks, investment houses or anyone holding a billion in bogus debts. These loans are so bad no one would touch them with a ten-foot pole and the US government, in its last days of the Bush Administration has nationalized the debts of every big banker, money market, or insurer. Profitable debt can remain in private hands; this all comes paid for with tax dollars. You lose America; your money will now have to devalue 50 percent more in the next months while the USA banks reap more profits now that you took the debts! Bonus for all the CEO's please!
Today the UK matched the USA stopping short-selling of stocks. The blatant and obvious point of it all being that you are allowed to play the game of buying and shorting when the market is going up, but not when it is going down. Just as the government is all about taxing profits it will not be partners in your loses or bad days. That is unless you are a very wealthy banker with political friends you have funneled millions to their election over the years.
As the monetary systems of the world collapse around the bungled real-estate bubble a new world order of banks is rising. Consolidating the failing loans, loans with speculative or bogus collateral, with other banks holding the same bogus paper is not going to float the ship.
Banks Cannot Survive Government Competition