Posted on 01/26/2010 1:31:53 PM PST by mikelike
Reuters notes:
U.S. securities regulators originally treated the New York Federal Reserve's bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.
The national security claim may seem outlandish, but it is nothing new.
As Business Week wrote on May 23, 2006:
President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. In other words, national security has been discussed for years as a basis of keeping normal accounting and securities-related disclosures secret.
Why?
Also, if economic information can be considered secret information, then the corollary is that it is possible for a politician to commit "economic treason".
This way no one can see what is really going on... Evoke national security to make it seem really bad, no one will question..... Or so they thought.
Because the initial 550 billion withdrawn in two hours from the money markets that started the whole financial crisis was an attack, but it was a purposeful act against the U.S. to assist Present Radar Ears.
Likely it could be traced right back to the guys who really pull the strings of the Dem party.
Can’t have that now, can we?
To keep the fiat financial system from collapse.
Seriously, if the American people KNEW how much the the government is STEALING from the average citizen, there would truly be blood in the streets. Smoke and mirrors until the looting is done.
If the truth were known, it would be clear that much of the credit insurance AIG sold at cut rates to the likes of Goldman and others was written to backstop the bonds and debt on Eastern European and other former Soviet block countries we were trying to get up on their own feet financially. AIG insurance made those basket-case countries bankable credits. It was exceedingly risky and would likely only have been undertaken with some kind of tacit assurance that the US government would stand behind AIG somehow in a pinch. And it did, except for AIG’s equity value.
Since the days of its founder, CV Starr, AIG has long been known as a “player” with the national security and intelligence establishments. Remember Hank Greenburg was a candidate for Director of Central Intelligence
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