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The Never-Ending Bailout
- Text size
The New York Times
March 4, 2009
Americans awoke to the news on Monday that federal officials had spent yet another feverish weekend concocting yet another bailout. This time, the Obama Treasury Department — sounding a lot like the Bush Treasury Department — promised another $30 billion to the American International Group, the giant insurer.
- A d v e r t i s e m e n t
In a joint statement with the Federal Reserve on Monday, the Treasury justified the move, saying that “the potential cost to the economy and the taxpayer of government inaction would be extremely high.”
That’s a textbook rationale for any bailout. What no one is saying — the Bush folks wouldn’t, and the Obama team seems to have taken the same vow of Wall Street omertà — is which firms would be most threatened by an A.I.G. collapse. The Treasury and the Federal Reserve noted in their statement that A.I.G. is a “significant counterparty to a number of major financial institutions.”
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March 4th, 2009 at 1:59 pm
Fuck AIG we know what’s going on!
I know it is off the subject but, it has to be said!
We started the day with three Fema blogs, one of which was the GB statement.
All three were taking on many bloggers. Becks were the first to come on board.
All of a sudden the one of the fema blogs was removed. I made a comment how the second one would disappear and it sure did.
The only one left is the GB blog, I wonder if it will stay up?
Is Alex owned, I am sorry for saying it? But why the hottest topic would be taken off the board. How long do we have to read about cops beating up little girls? Not to mention the stories are old news.
Fema camps have been a big focus and concern for many of us. We know what they stand for!
cornelius Reply:
March 5th, 2009 at 3:30 am
Hey don’t be given AIG a bad time, we at our Manchester United football team in England are very appreciative of this company, because it goes towards providing funds to pay our football players the multi million pound wages that they are accustomed to. Yes folks, that’s what some of your tax dollars are going towards.
March 4th, 2009 at 2:05 pm
Shouldn’t this situation actually be called, “Baal is out”?
sarahs Reply:
March 4th, 2009 at 7:03 pm
LOL
March 4th, 2009 at 2:07 pm
So i just heard from a friend, that most higher up politicians are invested with AIG, so they were to big to fail, or we can’t let the politicians loose their money???? anyone know about this??
Craig G Reply:
March 4th, 2009 at 3:36 pm
I heard from itulip that congress has their pension funds backed by AIG, so they can go f**k themselves, the selfish bastards.
Mr. Mister Reply:
March 4th, 2009 at 5:10 pm
The banks and the other financial corporations have not failed. The wealthy shareholders want to bail out and we the people are paying them to do so before the dollar collapses. They take the bailout money and reinvest in secure corporations. It’s all over, folks. Buy silver, no matter the cost.
March 4th, 2009 at 2:08 pm
Awwww why don’t you slaves just shut the hell up and work harder!!!
We AIG will be back in a month getting more of your paper funny money you stooges
Eat some more dorito’s ,wash them down with HFCS ,shut yer yaps and GET BACK TO WORK
YOU MUST FEED THE MACHINE!!!
freemanontheland Reply:
March 4th, 2009 at 2:28 pm
Peons are getting upset, they want you to rebel, fight, take up arms, why? Because they profit from WAR! They profit rrom fear and hate, they want us to die trying to hate them enough to kill.
DO NOT DO IT! Hate will not win, only peace. I am not saying you cannot or should not defend your own life or your family. I am saying do not attack, turn your back on the system. Stop spending any credit or cash you do not need to spend to survive. Forget paying them anything at all!
You are the currency which keeps them going.
matt Reply:
March 4th, 2009 at 3:13 pm
amen. just as asking their permission is tantamount to giving them authority over you. if we don’t need what they have to offer they are powerless.
tbone Reply:
March 4th, 2009 at 7:53 pm
Fat cat you suck, I no longer pay any creditcard dabt, they were bailedout, so my debt is paid. I don’t own anything, so they can’t collect……….
Integrator Reply:
March 4th, 2009 at 9:13 pm
FAT (ASS) CAT IS JUST ANOTHER FED WHO IS ALSO A SLAVE ALBEIT A FAT ONE.
March 4th, 2009 at 2:15 pm
I loved how Bernanke read from a pre-written statement explaining that “Darn it, he is upset too but we must do it anyways!!”
He admitted that AIG mishandled the bailout money and their business. But he acts like he is just an innocent bystander on our side.
He and Geithner are the ones who we depend on. If they failed, it was his job!!!
This Humpty Dumpty needs to be buried. Bernanke and the FED need to be stopped because they sound like a gambler who does not know when to stop.
March 4th, 2009 at 2:19 pm
Ok , fine. what the Hell do we do ?? If my idea of cutting of taxes is a bad one ,and somehow makes me a troll and a Gov. agent ,rofl What do you paranoid genius suggest we do ? The Zionist bankers just raped us all, and looks like our Gov. is about t rape what ever is left with, illegal wars and irresponsible criminal abuse.
So tell me please WHAT THE HELL DO WE DO ? I don’t want tohear about Jesus and the 4 horsemen and a bunch of mindless delusional bullshit..
Tell me what’s the fucking plan? What do we do, that doesn’t include killing innocent Americans, or destroying and burning down the country? I have no desire to hurt American families or destroy our country turning into IRAQ. So if you have a *reasonable * idea how to take our country back in a sane manor? Plz share with the rest of us.
Please stop attacking me personally and give me your thoughts .Really ,I’m asking i want to know what do we do…? Since we seem to have no shortage of experts on here attacking people for giving an Idea or opinion ,that has led to calling me a Troll, Enemy, and Gov spy.. Please share your views ,how do we fix this huge out of control Gov.?? Save all the childish insults, paranoid conclusions and the Jesus is coming crap and give me a straight answer? HOW? How do we FIX it? Its obvious by now congress is out to lunch with criminal bankers who usurp our nation. Its clear by now we are all in this shithole together , so don’t tell me to just worry about my self crap… Also Im not asking you to critique my spelling, give me an honest real answer . Please REPLY to my post.
AZ Patriot Reply:
March 4th, 2009 at 2:34 pm
Wake Up ,i as well do not wish our nation to turn into another Iraq ,i personally am stocking up on supplies,things of value for barter,growing my own food ,dont have a goat yet!!,and paying attention.
I do not think that “stopping paying taxes”or “peaceful protests” are going to work.
“They” want to drive us into poverty ,so we have to beg them for help to survive.
My Advice: find like minded people in your area ,form”clusters” depend on eachother
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“keep your weapons oiled and your powder dry”
Wolfman_Jack Reply:
March 4th, 2009 at 2:40 pm
Excellent post. I have the same question. What can those of us who live in the real world do to fix this mess? I have been passing along the warnthepeople dot org website to folks who seem interested. I have also been stocking up on ammo & canned food. However, that seems to be all that one person can do. Warn others and prepare yourself as best as you can. If anybody has any RATIONAL advice, I too would love to hear it.
matt Reply:
March 4th, 2009 at 3:22 pm
ok, heres the first step. we must force congress to convene under article V and repeal the federal reserve act. this will also disintegrate the IRS. 38 states have demanded such a convention but congress has yet to fulfill their obligation to the people, which is tantamount to extortion for as long as they can get away with reaping our income tax. we must make this the focus of the media, our conversations, phone calls to everybody in washington (although all of our voices put together in opposition to the first bail-out didn’t deter our “elected officials” one bit from voting for something that we the people voted against at better than 8 to 1 ratio… which is why you get so much attack venom on this site, people feel betrayed and helpless to make a change peacefully, we tried and they didn’t listen), and hope that a change will be made. after that things will calm down a little and we can tackle the next issue. this one should be first and it is doable. what do you think?
AZ Patriot Reply:
March 4th, 2009 at 4:26 pm
Matt: The politicians do not care about the WILL OF THE PEOPLE.
you can probably count on one hand the number of “honest” politicians in DC
So being peaceful has not gotten us anywhere has it?:(
take food for example…..shortage
the dollar is only worth 55- 60 cents
poisions in most everything we drink…..
taxes out of control,and lie after lie after lie after lie
fly your nations colors in the distress symbol ……
store food ,water and essentials to barter with ie:whiskey,gold ,etc….
Pay Attention….the storm is upon us …i am not saying run into the streets with the idiots that will riot,,that is what they want…
I am not religious but i happened upon this movie that really opened my eyes….
http://www.momentafter.com/
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Rider not yet riding. Reply:
March 4th, 2009 at 4:23 pm
If you dont want our help, fine by me. I’m here to make sure that when their armies invade you have someone at your back fighting for you.
AZ Patriot Reply:
March 4th, 2009 at 5:18 pm
Rider ,help is everywhere i look i have found a cluster of likeminded people ……running into the storm head on is not a wise move…
adapt and overcome……
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“keep your weapons oiled and powder dry”
March 4th, 2009 at 2:21 pm
InfoWars deletes comments I write and I thought I was on their side…. now I know there is a shadow censor Nazi stopping info. The “Info War” is on this site!! We are still being controlled even here!
All for one and one for all Reply:
March 4th, 2009 at 2:27 pm
You have that exactly 100% correct!
And when things get too heated, they pulled the story. What’s up with that?
They will pull your post and decide to repost them when and if they want to.
They are falling right in place with the master list!
http://www.rense.com/general32/americ.htm
March 4th, 2009 at 2:22 pm
2nd helpings
3rd helpings
Who wants more!?!?
March 4th, 2009 at 2:22 pm
InfoWars deletes comments I write and I thought I was on their side…. now I know there is a shadow censor Nazi stopping info. The “Info War” is on this site!! We are still being controlled even here! I am sad
March 4th, 2009 at 2:31 pm
Recently I read a new story, that I was not able to fact-check or verify, that stated that AIG insures the federal retirement accounts for all of our Senators and Congressmen. If this can be verified, it would certainly explain why AIG, not even a bank, is getting some $160 Billion of money stolen from Americans.
March 4th, 2009 at 3:25 pm
Be happy to share any info i have on UCC LAW. Look for a random post under (Wake Up )with www. Links, Thanks
. peace
My intension was to help find an answer to our conmen problems. How I became a spy, and a enemy troll for a few, is unclear.
I’m even being graded on spelling, not accuracy or the merit of my ideas. I never post here, there is such a readiness to violence it really turns me off. I see Guns as a RIGHT to Bare, but as a last method of defense, a mans survival and right to exist. Not an excuse to insight death and violence and cause loss and harm to others. If our people desire self governing, then the ability to self govern starts there, demonstrating self control and the ability to shape and live out our lives in peace with respect and equality for all others.
If “we the people “want a change of Gov. and its policies, we have that guaranteed right, it must be done collectively and in a sensible peaceful manor for it to have credibility and not cause it to escalate into a disorderly violent destructive mistake, that brings harm and loss to all those you love. I don’t understand why “lock n load” seems to be the 1st choice? Our forefathers were intelligent, bold men, not savages.
These are your God given rights, undeniable by any man, Gov. or religion. It was the principal reason the country was formed. The law requires you to ; form collectively as 1 and give notice.. As a constitutionalist I understand my agreement as a citizen of this republic.
When our gov. became a” legal corporation for profit” My consent was never given, there must be consent for it to be legal. To think we must undergo some type of revolution and violence is totally ludicrous. Stand Up collectively and give notice. Violence should be reserved as a last line of defense, not to have our demands be herd. The privatization for profit of prisons and gov. was not the deal, I totally agree you. So if Lock n Load is your only solution ,perhaps I’m in the wrong place. I ‘m looking for less madness then we have now ,not more
AZ Patriot Reply:
March 4th, 2009 at 5:27 pm
Too Late much too late for Peaceful Protests
do you actually think (insert politicians name here) gives a flying crap about you or your family?
the vote is fixed
the economy is crashed
food and supplies are getting scarcer by the week
the only thing the politicians deserve is the reason the second amendment was written:
http://www.secondamendment.net/
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Ace's & Eight's Reply:
March 10th, 2009 at 3:54 pm
AMEN !!!!!
Cui Bono? Reply:
March 4th, 2009 at 6:13 pm
Hey “Wake Up”, maybe the reason everyone calls you a shill is because you are a shill, or did you think nobody would notice that you SPAMMED every article yesterday (and today), under three different usernames like “Wake Up”, “Get a Clue” and “Reality Check”.
Nobody likes SPAMMER TROLLS, or Khazars so go back to YouTube and spread your Zionist bullshit over there, we are smarter than you here.
P.S. I’ve been listening to the Alex Jones Show for over 2 years, I’ve seen every Alex Jones movie and I visit his websites daily, and yet I have never spent one single penny on any of his videos or his sponsors, so shut the fuck up with all this “Fear-Monger, who is getting rich off of his listeners” crap. If he puts his videos on Google and YouTube for free, what the fuck are you whining about? Give it up, shill, we’re onto ya here…
Ace's & Eight's Reply:
March 10th, 2009 at 3:41 pm
You Tell Em Bro !
March 4th, 2009 at 3:26 pm
One of the main reasons that AIG has been and will continue to receive bailout money is that they are the investment house for all the government employee pension funds. They’re not about to let this place shutter its doors any time soon.
March 4th, 2009 at 3:26 pm
Don: That’s the same thing that i was getting at, how do we find the facts on this
Craig G Reply:
March 4th, 2009 at 3:48 pm
I found this, hope it helps – http://www.factcheck.org/askfa.....se_it.html
March 4th, 2009 at 3:27 pm
How much cash needs to disappear down the AIG black hole before some disgruntled folks storm the gates of that place? I’d like to see the media reaction when [not if] the AIG headquarters gets taken over & ripped to shreds by an irate mob!
March 4th, 2009 at 3:52 pm
AIG was probably helped because of its Chinese connections.
Craig G Reply:
March 4th, 2009 at 5:52 pm
and this – http://www.snopes.com/politics/business/aig.asp
Ace's & Eight's Reply:
March 10th, 2009 at 4:19 pm
Snopes Worked And Still Works For Obama And ACORN !
March 4th, 2009 at 4:22 pm
Think Strategy – NOT VIOLENCE!!!
http://WWW.WARNTHEPEOPLE.ORG
March 4th, 2009 at 4:39 pm
It’s time to be your OWN Boss!
I’m looking to help 10 people really change their lives in 2009!
I have the right product at the right price and definetly at the right time!
This whole business is fully automated ( I mean everything!) You’ll never have to try to sell anything! Simply duplicate my proven system and help 10 others to do the same and you’re GOLDEN!
Click on my link below to learn a bit more about me.
http://hwallace.ws
March 4th, 2009 at 5:55 pm
I suggest to one and all to get on good terms with your neigbors, and if you have any broken fences that you mend them ASAFP.
If you owe the machine, forget it. Keep your money to yourself to pass on to your needy family and neighbors. Individual counter claims of peonage in credit debt suits will keep the courts tied up in knots for months. The bank is bound to loose, it always does when more than half of the population feels its noose like grip. All it will take now is to show the citizens who helped the bank put the rope of slavery around their neck. And they are learning.
It would also be a good thing to forget about those chumps in DC. Do what you can to help your state, your county and your town. I corrospond with my state rep every week.
Its a part of survival organization, too.
sarahs Reply:
March 4th, 2009 at 7:31 pm
Could you please explain more about how peonage works? I understand that peonage is requiring partial slavery for debts owed. How do you prove that fact in court. Also what type attorneys would be familiar with handling a peonage case?
March 4th, 2009 at 7:36 pm
Methinks it is the mother of all scams
March 5th, 2009 at 1:55 am
Boy. When they said “Federally insured”- they meant it! lol, were so fucked. I can’t pull the dick outa my ass cause i’m still tryin to get the knife out of my back!
“Ask not what your country can do for you…….”
Well, fuck you- i’m askin. Cause the government and big business sure like stealing all the money for themselves and pissing on us little guys.
HAD ENOUGH?- Militia
HillbillyJihad&TheBubbaLiberationFront Reply:
March 5th, 2009 at 2:39 am
I would say that’s a Fuckin’A'!!! Talk about what’s in hand!!! John Holmes couldn’t beat that meat!!!! And I’m bein’ nice folks’!!! “All ‘HAIL’ Thermal Expansion!!!”
March 5th, 2009 at 3:04 am
AIG (Aggressive Inbred Gangsters) looking to steal more from the naive public. Can’t blame them for going back for seconds since the first one was so easy.
March 5th, 2009 at 7:30 am
ARE YOU FUCKING KIDDING ME??? please tell me this is a lie.. its like a bad dream i can’t wake up from.
I guess the executives need to spend more time at that fancy resort.
where that transparency and the accountability you keep preschin about obama, you sack of shit!!!
March 5th, 2009 at 9:08 am
yay no troyfromwv!
yeah well they said lets make it a really big outrages number hmm 700billion that a rock peoples minds, no 800 billion 1000billion kagillion pasillion
SWED
March 5th, 2009 at 9:12 am
China has to get its money back somehow.
March 5th, 2009 at 11:11 am
AIG = GOV Worker’s Pensions…
March 5th, 2009 at 1:57 pm
FOLLOW THE MONEY…. these assholes are scamming in front of us and laughing while we sit back and do nothing…fuck AIG… this whole economic collapse is enevitable , tell these pussies go fuck themselves
March 10th, 2009 at 3:35 pm
I just heard that CitiGroup is sending our taxpayer FUNDED bailout money to banks in DUBAI ! WTF ?