AIG bail-out($180 Billion)investigations launched, Treasury Secretary Timothy Geithner

AIG had to be rescued in 2008 The US bail-out watchdog has announced it is launching two investigations into the government's rescue of insurer AIG.

Neil Barofsky, special investigator general for the US's Troubled Asset Relief Program (Tarp), questioned the government's role in the bail-out.

He is appearing before a House Committee looking into the AIG bail-out in 2008 on Wednesday.

AIG was initially bailed out for $85bn (£52bn), but its total rescue package has since amounted to more than $180bn.

"Issues have come to light that call into question whether the government has been, and is being, as transparent as possible with the American people," said Mr Barofsky in a prepared testimony.

"Documents have come to light that were not provided to the [watchdog] audit team during the course of the audit."

The committee is investigating why the New York Federal Reserve, then headed by US Treasury Secretary Timothy Geithner, paid AIG business partners face value for assets so they would cancel contracts with the insurer.

Turbo Tax Tim’s forgetting to include some income (tax fraud by an other name) is a indication of other problems with his character. Just like with roaches, see one, there are more. Now if we can just get a good can of RAID and get rid of the whole mess of these criminals from our system.

More and more Ozero just looks like the empty suit puppet he is. Now the strings are bing pulled by those seeking cover by having him say we need to rein in the banks. More 3 card monte dealing by the Ozero, which card is the real crook under? Oh, you lose. Try again.

It's all coming together now . . .

Money Chooses Sides

Obama at fund-raiser at Steven and Judy Gluckstern's home, April 9, 2007. George Soros is seated to the right of the stairs.

The investment banker Robert Wolf first met Barack Obama one afternoon in December in a midtown conference room. Obama was in town to deliver a speech at a charity

Read more: How Barack Obama Struck Fund-raising Gold -- New York Magazine http://nymag.com/news/politics/30634/#ixzz0dj1dVrZ9

USB was instructing Fat Cat's on how to evade taxes in their swiss accounts.

Wolf’s financial institution’s parent company UBS, Switzerland’s largest bank and the world’s largest private wealth manager, with $1.9 trillion in client assets and nearly 84,000 employees in fifty countries, including 32,000 in the United States, was one of two exposed in the results of the Congressional Committee’s six-month investigation.

It was not UBS’s most honorable corporate moment. “The Statement of Facts in the Birkenfeld criminal case describes additional actions taken by UBS bankers to help U.S. clients manage their Swiss accounts without alerting U.S. authorities. It states, for example, that UBS bankers advised U.S. clients to withdraw funds from their accounts using Swiss credit cards that “could not be discovered by the United States authorities”, to “destroy all off-shore banking records existing in the United States”; and to “misrepresent the receipt of funds from the Swiss bank account in the United States as loans from the Swiss Bank.”440.

The Statement of facts also discloses that, on one occasion, “at the request of a U.S. client, defendant Birkenfeld purchased diamonds using that U.S. client’s Swiss bank account funds and smuggled the diamonds into the United States in a toothpaste tube,” presumably so that the U.S. client could obtain possession of his Swiss assets without alerting U.S. authorities.

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