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.
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.
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.
