Posted on 03/20/2009 3:09:00 AM PDT by Scanian
AMERICANS are justifiably furious about the $165 mil lion in bonuses paid at AIG. But what if, instead of subsidizing only incompetence, AIG had also sent billions of your tax dollars to people who'd laundered money for terrorist states, helped Americans cheat on their taxes and banked for the Nazis?
Well, it did. Earlier this week, AIG revealed that it had paid $5 billion of its bailout money to the Swiss bank UBS.
It's richly ironic that US taxpayer dollars are making UBS whole. At every opportunity, UBS has shown contempt for the American government banking for America's enemies, and then hiding behind Swiss secrecy laws whenever government investigators have tried to probe.
Take, for example, UBS's assistance to state sponsors of terrorism. In 2003, American troops in Iraq found $762 million in US bank notes stashed in hideouts belonging to Saddam Hussein. The serial numbers were traced to UBS, which had distributed the money as part of a New York Fed program to take old US dollars out of circulation and replace them with new ones.
(Excerpt) Read more at nypost.com ...
Soon it will be illegal for anyone to make more than $250K a year. Mark my words.
I hope at least one of the above tickled your funny bonus...
Barney Frank wants to put your bonus in his.... oh never mind.
Whether unloading on Jews, execs or the rich, it’s all communist French guillotine mentality.
Not to mention that wealth and success are inherently intimidating goals, making it easier to rationalize poverty.
LAst but not least, taxes are the biggest profit gauging scheme, and with bribery, it’s a death spiral of black market for the state can pay low and sell high.
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