"Strictly Confidential" AIG Internal Draft Memo on It's Systemic Risk

AIG ^ | Feb 26 2009 | Unknown

[ding_dong_daddy_from_dumas]

I would throw the largest profiteers in prison and strip them of ill gotten gain.

Yes, they are evil, but was what they did provably illegal?

[2harddrive]

ITS systematic risk. “It’s” is short for it is, and is not the possessive form.

[EBH]

Ping to http://www.freerepublic.com/focus/news/2203068/posts?page=94#94

On Sept. 17th in Singapore there was a run on AIG offices. On Sept. 18th there was a draw of 105 billion...nobody ever indicated where or who that Federal Reserve Money went too.

What caused the run in Singapore?

[dennisw]

prosecute them....find something

[dennisw]

find something like wire fraud

[dennisw]

Congress should declare the CDS void and unenforceable as a matter of public policy. Leave the last one holding the bag the sucker in what was always a sucker’s game. It’s mostly spec money that never actually existed anyway.

I pretty much agree but it still might crash the system really really bad

[PGalt]

Thanks very much for the links to the other thread with other links, EBH. GRRRRREAT stuff!

[GOPJ]

But here’s the kicker: None of these guarantee funds actually have any funds. There’s no pot of money for a rainy day. No, state insurance guarantee schemes are “post-funded.” Bailout cash is raised AFTER an insurer fails."

So basically, AIG has already failed - it's just that word has not been received by those in power ...yet.

[PGalt]

Thanks for the link. Rand’s words are there for anyone to read. I do not recall her ever confusing capitalists with criminals.

Thanks for your contributions to this forum and to jihadwatch, dennisw. They are outstanding.

[ex-Texan]

Tip of the iceberg . . . LOL, LOL !

AIG Bailout Rescues the Undeserving !

Excerpt:

The Wall Street Journal on Friday reported that some financial institutions like Goldman Sachs and Morgan Stanley had received payouts on AIG's bailout, as well as European banks . One of the arguments AIG made for the bailout was the threat of the collapse of European banks due to their exposure.

"They were actually arbitraging their regulatory capital threshold by writing risk with Hank Greenberg," Whalen says. "The Europeans have to take responsibility for their mess."

LMAO LOL !

AIG Stock Now Selling for 39 Cents !

LMAO Again . . . Obama's bailouts are another Ponzi scheme run on the American taxpayer !

[ex-Texan]

AIG's Small London Office May Have Lost $500 Billion: Joseph Cassano's Golden Parachute

[M. Espinola]

Bankers, bailing out (enriching) other bankers with billions in tax funds. A real sweet deal.

[ken21]

rush once mused that either someone like soros or

some other country perhaps that wanted to take us down.

[mo]

I’m beginning to think the only way out of all this is for the states to tell the Feds “goodbye” ..and “goodluck”

Clearly Congress is so compromised their representation is backward..AIG gets a better shake than the people...

[EBH]

I am tending to lean more and more that this was a WAR attempt on our economy.

[ken21]

agree.

no economy, no aircraft carriers intervening around the world.

[PGalt]

They’re selling the rights to collect on our labor, like we were slaves on the auction block. They’re selling our children and grandchildren as futures contracts.

BUMP-TO-THE-TOP!

Thanks to all posters on this thread.

[PGalt]

They’re selling the rights to collect on our labor, like we were slaves on the auction block. They’re selling our children and grandchildren as futures contracts.

WORTH ANOTHER BUMP-TO-THE-TOP!

Thanks to all posters on this thread.