Tag Archives: AIG

Overwhelm The System

Barack Obama is no fool.  He is not incompetent.  To the contrary, he is brilliant.  He knows exactly what he’s doing.  He is purposely overwhelming the U.S. Economy to create systemic failure, economic crisis and social chaos — thereby destroying … Continue reading

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Geithner Accused Of Incompetence Over His Role In AIG Bailout

The US treasury secretary Timothy Geithner was accused of incompetence, obfuscation and of making “lame excuses” during a furious hearing on Capitol Hill over the government’s contentious bailout of the sprawling insurer AIG. In an unusually ill-tempered confrontation, members of Congress from … Continue reading

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Secret Banking Cabal Emerges From AIG Shadows

By David Reilly at Bloomberg Jan. 29 (Bloomberg) — The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional … Continue reading

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Who Was Paid Off In The AIG Bailout

A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the … Continue reading

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America Bordering On Communism

Investor extraordinaire Jim Rogers has harsh words for the government’s interventionist economic policy. That policy, which he dates back to the Bush administration, verges on communism, he told Moneynews’s Dan Mangru in an interview. “America now owns the car industry. … Continue reading

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AIG Bonuses Four Times Higher

The 2008 AIG bonus pool just keeps getting larger and larger. In a response to detailed questions from Rep. Elijah Cummings (D-Md.), the company has offered a third assessment of exactly how much it paid out in bonuses last year. … Continue reading

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Bailed-Out AIG Pampers Execs While Denying, Delaying Claims of Contractors Injured in Iraq

Insurance giant AIG, the same company that rewarded its executives with millions in bonuses and spent hundreds of thousands of dollars on a spa retreat at an exclusive California resort and private jets, has been nickel and diming employees of … Continue reading

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Geithner, Paulson Named In $200 Billion Lawsuit

A $200 billion lawsuit filed on behalf of shareholders of American International Group has been amended to include Treasury Secretary Tim Geithner, former Treasury Secretary Henry Paulson and former Securities and Exchange Commission Chairman Christopher Cox as defendants. The case, … Continue reading

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AIG Spent $440,000 of Your Bailout Money Taking its Executives to a Posh California Retreat to Celebrate the Stupidity of the American Taxpayers!

WASHINGTON (AP) — Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company’s meltdown. AIG … Continue reading

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