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AIG "Was Going to Bring Down Europe": Lawmaker (Kanjorski)
Reuters via CNBC ^ | March 6, 2009 | Reuters

Posted on 03/06/2009 2:08:47 AM PST by CutePuppy

Edited on 03/06/2009 7:16:50 AM PST by Admin Moderator. [history]

The U.S. government rescued giant insurer American International Group in part because its collapse would dramatically hurt European banks, a senior Democratic lawmaker said on Thursday.

The U.S. government has bailed out AIG three times since Sept. 16 and committed about $180 billion to keep the insurer alive and doing business.


(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Foreign Affairs; Government; Politics/Elections
KEYWORDS: aig; creditdefaultswaps; europe; financialcrisis; financialsystem; kanjorski; swaps; systemicrisk
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FR link reference : Lehman's Chaotic Bankruptcy Filing Destroyed Billions in Value
1 posted on 03/06/2009 2:08:48 AM PST by CutePuppy
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To: CutePuppy

So sixty some years later, Americans are still bailing out Europeans!


2 posted on 03/06/2009 2:13:10 AM PST by Slehn
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To: CutePuppy

$152 billion tax dollars went to the AIG Financial Products (AIGFP) office in London several months ago, where a large part of the OTC derivatives were written (and where much of the money has been alleged to have passed through to China). Many billions of tax dollars more might be going there soon, if that hasn’t already happened.


3 posted on 03/06/2009 2:14:03 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: CutePuppy

AIG failing would have brought down the World banking system.

The world includes Europe, so technically this Democrat spokesman is right - but it’s a typical act of blame-passing. Which some FReepers will credulously believe, of course.


4 posted on 03/06/2009 2:27:32 AM PST by agere_contra (So ... where's the birth certificate?)
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To: familyop
This debacle stands as the greatest argument against Globalism ever. These international monopolistic companies wield so much power and so much influence, that if they falter, whole countries, nay, whole continents shudder, fail, and go under.

If that is indeed the case, one must take every precaution that such a monster is put down and broken up- and that none of it's kind tread the earth ever again.

But rather than heed this cautionary warning, we prop them up with our grand-children's wealth.

How obtuse.

5 posted on 03/06/2009 2:29:45 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: agere_contra
Which some FReepers will credulously believe, of course.

I, for one, believe it. What was the question?

6 posted on 03/06/2009 2:32:16 AM PST by paulycy (BEWARE the LIBERAL/MEDIA Complex)
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To: CutePuppy

I’m sure they’re into a lot of pockets but some of the main insurance that AIG is into is the “public employee retirement system”.

Search “AIG “Public Employees’ Retirement System”” and see all the recent suits from the various states afSCUM unions. Can’t let them fail - it’s the core of the Democrat Party. ...them and ACORN.


7 posted on 03/06/2009 2:35:42 AM PST by Kent C
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To: familyop

Joseph “Joe” Cassano, who ran AIGFP cranked up CDS printing press, particularly after Maurice “Hank” Greenberg was pushed out by the board “on behalf” of Eliot Spitzer and with the help of his extortion tactics.


8 posted on 03/06/2009 2:36:10 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

I believe the reason that we lowered our banking reserve requirements to historic lows and repealed Glass-Steagall is so that we could compete on a global basis against these European banks that are now in trouble for taking excessive risk.

We need to protect our own markets by putting back in place the protections that came out of the Great Depression and bring the world up to our standards if they want to compete in America.


9 posted on 03/06/2009 2:39:30 AM PST by DannyTN
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To: agere_contra

You are right about the “World” financial system, but many of the Congress-critters are so self-absorbed, I’ll give him half a credit for recognizing there are places other than USA (like Europe) that may affect and be affected by what is going on here.

That’s why the subject of “decoupling” always made me shake my head.


10 posted on 03/06/2009 2:42:18 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy
Christopher Dodd, a Democrat, criticized what he called a "stunning" lack of transparency and accountability

Somehow the name Christopher Dodd doesn't fit in the same sentence with the words transparency & accountability unless they're preceded by the modifier "lack of."

11 posted on 03/06/2009 3:00:41 AM PST by Renkluaf
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To: PGalt

Chicken Little is at it again....


12 posted on 03/06/2009 3:05:28 AM PST by Born Conservative (Bohicaville: http://bohicaville.wordpress.com/)
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To: Born Conservative

Um, Rep Kanjorski, if it would bring Europe down either let them pay or....let them go.


13 posted on 03/06/2009 3:06:46 AM PST by sobieski
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To: DannyTN

Repeal of Glass-Steagall is a red herring, which Democrats initially tried to used to divert attention from their own complicity (CRA, GSEs etc.) and to blame this crisis on Gramm-Leach-Bliley Act. In reality, repeal not only made our institutions more competitive with foreign integrated banks, but also more diversified, and with stronger and more diverse depositors and liquidity base.

If you had noticed, it were pure “investment banks” - not integrated or pure commercial (without brokerage component) banks - that fell due to lack of liquidity and loss of confidence, resulting in potential of “run on the bank” by large commercial depositors including other financial institutions.

Contrary to popular myth, Glass-Steagall has not prevented vicious infamous “bear raids” on the banks in 1930s, nor has it prevented numerous banking crises, including the Thrift and Loan crisis of the early 90s.

Banking system is quite different today than it was in the 30s, it is global and more diverse, and going “back to the future” (Glass-Steagall) would make things only worse, not better, while not accomplishing the stated objective.


14 posted on 03/06/2009 3:07:20 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: roamer_1
This debacle stands as the greatest argument against Globalism ever. These international monopolistic companies wield so much power and so much influence, that if they falter, whole countries, nay, whole continents shudder, fail, and go under.

Here is the better case of monstrosity that has nothing to do with globalism or internationalism. In fact it's entirely national. GSEs (Government Sponsored Enterprises, aka "public-private" institutions), like Fannie Mae and Freddie Mac which recently held more than 50% (over $5T) of all the mortgages in the United States, including overwhelming majority of subprime and Alt-A loans.

That's the ones that were run and defrauded by Obama's transition team advisers Jim Johnson, Franklin Raines, Jamie Gorelick et al. That's the ones that were defended by Barney Frank and Christopher Dodd as "stable" and "not in danger". And when Bush in 2001 and 2003, and later McCain (let's give him credit for this one) tried to reform and more stringently regulate GSEs, they and Schumer stood in the way of these bills.

Nothing inernational or global about that, except maybe for many foreign investors in GSEs securities and debt.

15 posted on 03/06/2009 3:25:26 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

Why didn’t EUROPE share the cost???

unbelievably stupid of our government


16 posted on 03/06/2009 3:28:29 AM PST by Finalapproach29er (Democrats still want to get Pres. Bush and/or VP Cheney; there might be show trials in 2009.)
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To: Kent C

“Public Retirement” pensions are the next shoe to drop on taxpayers, whether they are held by AIG or any other investment vehicle. Some of these states’ and municipal pension accounts were not “fully funded” (a misnomer, to begin with) in recent years, and with the market down there are few of them that can be considered in good shape or chance to recover.

Get ready for a “fully funded by taxpayers” bailout of government workers’ pension plans.


17 posted on 03/06/2009 3:37:43 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

I thought they bailed out AIG because AIG had the Congressional pensions invested there.


18 posted on 03/06/2009 3:43:52 AM PST by Venturer
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To: CutePuppy

Seems like every day there is another $50B-$100B bailout of something and/or another like-sized spending proposal. I really feel like we have gone thru the looking glass.


19 posted on 03/06/2009 3:48:22 AM PST by rbg81 (DRAIN THE SWAMP!!)
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To: CutePuppy
Here is the better case of monstrosity that has nothing to do with globalism or internationalism. In fact it's entirely national. GSEs [...] (over $5T)

Nothing inernational or global about that, except maybe for many foreign investors in GSEs securities and debt.

With the combined Bush Bailout of $3.11T (w/ fed manipulations) and the $4T Porkulus, not to mention another $500B coming for the fed, those mortgages could have been bought outright.

You can comfort yourself with blaming Democrats all you like, but Republicans were in authority and responsible for the regulation of those programs for years, so are negligent at the very least. And Republicans have historically held the ties to Wall Street financiers, who knowingly took those faulty loans and rolled them up into packages, poisoning the whole lot, yet doubling and redoubling their "worth", while everybody turned a blind eye.

Had Republicans been practicing Conservative economics instead of consumer based "Third Way" economics, spreading easy credit around like Democrats, we would *not* be where we are today. Period.

20 posted on 03/06/2009 4:02:37 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: roamer_1
"This debacle stands as the greatest argument against Globalism ever. These international monopolistic companies wield so much power and so much influence, that if they falter, whole countries, nay, whole continents shudder, fail, and go under.

If that is indeed the case, one must take every precaution that such a monster is put down and broken up- and that none of it's kind tread the earth ever again.

But rather than heed this cautionary warning, we prop them up with our grand-children's wealth.

How obtuse.
"

That's a great synopsis of the situation! Now consider the most common philosophy and icon of business students (especially financiers), if you haven't already done so. Anarchists of their kind do support the various political parties and manipulate big governments in order to get what they want. Throughout history, they have repeatedly made way for harder socialism in their locales. And now...the world.


21 posted on 03/06/2009 4:15:24 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: sobieski
"Um, Rep Kanjorski, if it would bring Europe down either let them pay or....let them go."

Yes, its the gut feeling to do so...

Until you realize that the Free Nations of the world are all interconnected through their banking and financial systems and if a large one crumbles like Europe then we all fall down like dominoes.

22 posted on 03/06/2009 4:21:44 AM PST by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: CutePuppy

In bailing out AIG we/they bailed out GS.


23 posted on 03/06/2009 4:25:22 AM PST by AndyJackson
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To: familyop
Anarchists of their kind do support the various political parties and manipulate big governments in order to get what they want. Throughout history, they have repeatedly made way for harder socialism in their locales. And now...the world.

Indeed. It is my personal speculation that things began to really go awry in the transition of the return of Hong Kong to China. I think it is there that our businesses (and our government), picked up some very bad habits. I can't really put my finger on it, but since that time, or thereabouts, this whole global socialist/corporate thing started getting a mind of it's own.

24 posted on 03/06/2009 4:42:11 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: roamer_1
"If that is indeed the case, one must take every precaution that such a monster is put down and broken up- and that none of it's kind tread the earth ever again."

During the last couple of decades, I've looked for solutions from various points in history. Some of the nonviolent actions of some the Czechs and Poles from the latter part of the Cold War were particularly interesting.

The only way that I know is to spread the word to stop engaging in conventional politics. Be nonpolitical. Better yet, be anti-political. Stop buying anything that we don't need. Help to teach our neighbors to do the same and survive.

This is the best time to do it. Poor clothing, poor cars, and the like, will become more often seen and safe anyway (safe against robberies and the like). ...even stylish and all of that.

I know of one political Party with an honest and full platform, and it's only a call to spread the word for now.

http://falconparty.com/

And that's all that it should be, until the opposition is weakened, and our movement, strengthened by way of dissemination, IMO (mostly word of mouth and small groups, at first). The other third parties that I've looked into over the years turned out to be concealing globalist and fascist tendencies in their efforts to recruit newcomers. But the usual suspects (usual constituents) behind those other third parties are now losing money and time.

Let's patiently build an overwhelming wave of honorable and legal rejection against the beast, while it's wounded. We have much more in common with our neighbors--especially the younger folks around us--than most of us realize. For example, many young greenies are now beginning to join conservative social circles to discuss building, growing, repairing and making things. We have the obvious situation, its causes, and the tough years ahead in common.


25 posted on 03/06/2009 4:45:31 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: roamer_1
"Indeed. It is my personal speculation that things began to really go awry in the transition of the return of Hong Kong to China. I think it is there that our businesses (and our government), picked up some very bad habits. I can't really put my finger on it, but since that time, or thereabouts, this whole global socialist/corporate thing started getting a mind of it's own."

That's a very important observation in the whole mess. The people of Hong Kong begged the Brits to stay with them, but seemingly free money from slavery does talk to those without strong morals/ethics.


26 posted on 03/06/2009 4:49:59 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: roamer_1
And Republicans have historically held the ties to Wall Street financiers ...

Are you sure that's the case today?

The impression I was getting was exactly the opposite:
Goldman Sachs, Citigroup, Wasserman, SAC, Blackstone ... Warren Buffett, Paul Allen, George Soros, John Paulson, John Corzine, Stephen Cohen, Bob Rubin ... CEOs of top US companies like Google, Apple, Progressive Insurance... rich limousine liberals... just to name a few.

Hedge Funds, Buyout Firms Favor Democrats With Campaign Money
Democrats collecting more than two-thirds of the campaign donations from employess of the biggest hedge funds

BRAIN-TRUST BUST (Wall Street deserting The Obama Gang That Can't Shoot Straight)

27 posted on 03/06/2009 4:57:53 AM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: roamer_1

I had a quick look at your FR page. In your State, there’s a retired aviation engineer who put a lot of free, well written and illustrated how-tos on very low-cost solar and other energy stuff on his website.

http://www.builditsolar.com/Experimental/PEXColDHW/Overview.htm

Follow the “projects” and “references” links for much more. It’s a great site to learn from, IMO.


28 posted on 03/06/2009 5:00:21 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: CutePuppy; roamer_1

At least most of those individuals and groups contribute to both political parties. ...even some third parties.


29 posted on 03/06/2009 5:01:48 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: familyop
I know of one political Party with an honest and full platform, and it's only a call to spread the word for now.

I am already far along the same path, having renounced the Republican Party the very day Duncan Hunter stepped down.

I am aware of the Falcon Party, through our FRiends in the Hunterite Clan, pissant particularly, but have endeavored to remain independent for the time being.

Before long I will take a decision, and it will either be to run with you guys, or with my good FRiends at aipnews.com - Both of which I feel are strong Reaganite parties.

As an aside, I do think we should all duke it out and get behind ONE party pretty soon... All of us together, speaking with one voice here on FR could really make a difference, and it will take one voice to overcome all the RINOs hereabouts come election time.

30 posted on 03/06/2009 5:03:51 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: CutePuppy; roamer_1

And while we’re at it,... Apologies to any who have seen this before. Many haven’t.

The following are Fortune 500s that paid lawyers to file briefs in favor of “affirmative action” in the Michigan “Grutter v. Bollinger” (Michigan University) case.

http://www.umich.edu/~urel/admissions/legal/gru_amicus/32_internatl.pdf

3M
Abbott Laboratories
American Airlines
Ashland
Bank One
Boeing
Coca-Cola
Dow Chemical
E.I. Du Pont De Nemours
Eastman Kodak
Eli Lilly
Ernst & Young
Exelon
Fannie Mae
General Dynamics
General Mills
Intel
Johnson & Johnson
Kellogg
KPMG
Lucent Technologies
Microsoft
Mitsubishi
Nationwide Mutual Insurance
Nationwide Financial
Pfizer
PPG
Proctor & Gamble
Sara Lee
Steelcase
Texaco
TRW
United Airlines
General Motors Corporation

http://www.umich.edu/~urel/admissions/legal/gru_amicus/gru_gm.html


31 posted on 03/06/2009 5:04:16 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: CutePuppy

Isn’t AIG the key to the politicos’ hefty DC pensions?

I heard somewhere that the pensions for our annointed political hacks and knaves in DC have pensions backed by paper from AIG.

Can’t remember where but maybe someone can find out.


32 posted on 03/06/2009 5:08:20 AM PST by OpusatFR (We can give up any pretense of having a government for and by the people after Coronation Day.)
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To: roamer_1

I pay particular attention to parties that have explicit and stubborn platform statements on fair trade, Israel, and social issues, even including including feminism. Over the years, I’ve become wary of third parties that have very generalizing platforms.


33 posted on 03/06/2009 5:15:52 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: roamer_1

Whether for or against, you might want to have a look at the following exchange. More information is good for all people of various positions on the issues.

http://www.freerepublic.com/focus/news/2200439/posts?page=15#15

http://www.freerepublic.com/focus/news/2200439/posts?page=21#21


34 posted on 03/06/2009 5:27:15 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: CutePuppy
“Public Retirement” pensions are the next shoe to drop

Heads up :-)



35 posted on 03/06/2009 5:35:09 AM PST by Kent C
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To: CutePuppy
Are you sure that's the case today?

Oh c'mon now... They all throw money everywhere -Geo. Soros particularly, who also donated to McAin't if you'll recall- Hell, 'tween him and ketchup Kerry, they founded McCain'ts lil' ol PAC. And here you are lauding McCain't as the guy who tried to shut down Freddie and Fannie.

Methinks he doest protest too much.

The whole stinking lot of them, lest a handful of suppressed Reaganites and Libertarians are all one big gigantic show. The sooner folks figure that out, the better.

36 posted on 03/06/2009 5:48:03 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: familyop
In your State, there’s a retired aviation engineer who put a lot of free, well written and illustrated how-tos on very low-cost solar and other energy stuff on his website.

Many thanks!

Actually the wind power stuff is more to my current interest... I have a 20'x3' upright "squirrel cage" wind generator in prototype right now that seems to do pretty good... Adjustable trim on the blades allows it to function in nearly any conditions, or close up if wind becomes too strong... Still working on the automation of that part...

37 posted on 03/06/2009 6:02:06 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: familyop

That is seriously cool.


38 posted on 03/06/2009 6:25:41 AM PST by patton (America is born in Iceland, and dies in California)
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To: familyop
I’ve become wary of third parties that have very generalizing platforms.

I understand your concern, and AGREE COMPLETELY. However, The AIP must be given some credit, in that it went from a very loose organization founded largely here on FR in early summer of 08 to being larger in terms of registered members than any other 3rd party- It also had to become organized in twenty some-odd states, and continues to develop state level organizations. So they have been busy... Their initial platform will no doubt be refined now that they are settling in a bit...

What they have produced in mere months, with very little in the way of income or exposure is nothing short of astonishing. And to suggest that their aim is anything less than Reagan Conservatism can be easily be disproved by looking at their organizational aims and spending some time on their forums.

That being said, your criticism is a fair one, and it is something which should not be overlooked in the rush.

39 posted on 03/06/2009 6:27:43 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: CutePuppy
If the taxpayers provide $ 180 Billion to AIG, then AIG must be forced to open their books and allow the taxpayer to see what they have bought.

And if not let them go into oblivion.

Besides there was an earlier article stating that a primary reason for saving AIG was because they have a vast reserve of union pension money stashed away out of the public’s view.

40 posted on 03/06/2009 6:29:27 AM PST by elpadre (nation)
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To: CutePuppy
The public employees' unions will see to it that there is 100% funding of their gold-plated pensions, even if every other function of government has to shut down to pay for them. We are becoming slaves to the governing class.

-ccm

41 posted on 03/06/2009 6:40:10 AM PST by ccmay (Too much Law; not enough Order.)
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To: CutePuppy; All
Flash back: Kanjorski-$550 Billion Bank Run-2:15markSo does this imply it came from AIG? Is AIG doing the blackmail? Welcome to the NWO.
42 posted on 03/06/2009 7:10:02 AM PST by BGHater (Tyranny is always better organised than freedom)
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To: familyop
Whether for or against, you might want to have a look at the following exchange. More information is good for all people of various positions on the issues.

See my reply on the originating thread:
FR: "House Divided: GOP's Leadership Crisis Sharper than Steele- ALAN KEYES" #28

43 posted on 03/06/2009 7:29:59 AM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: BGHater
Flash back: Kanjorski-$550 Billion Bank Run-2:15markSo does this imply it came from AIG? Is AIG doing the blackmail?

No, it was due to exposure to Lehman. The Fed and Treasury weekend session (September 13-14, 2008) failed to sell or backstop Lehman with liquidity. Lehman went under and declared bankruptcy the next day.

That triggered automatic mark-to-market revaluation to $0 of the assets on the books of money market funds that held Lehman securities. Reserve Primary money market fund immediately accounted for it, which resulted in it "breaking a buck". That triggered a run on money market funds. AIG was taken over a day later, which didn't help the panic, but it was not a primary cause of the run.

See Defusing A $5.5T Run On The Banks - FR, February 15, 2009

44 posted on 03/06/2009 1:42:45 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: Born Conservative; All

Thanks very much for the ping. Outstanding thread! Thanks to all posters/researchers/linkers/educators. BTTT!


45 posted on 03/06/2009 5:59:22 PM PST by PGalt
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To: Venturer

No, AIG IS the underwriter of “insurance” (derivitives) of penultimate resort,....the U.S.taxpayer being the final and ultimate underwriter of securitity for European, Australian, Japanese, and some Chinese banks. The U.S taxpayer owns 79.9% of AIG and must be responsible to be sure the derivitive contracts perform. If they do not perform, the entire world economic systems fail, including the USA. Martin Wise, James Sinclaire have been screaming at the top of their lungs about derivitivie exposure for 3 years that I know of. It was as plain as the nose on your face what had to happen. It was only a matter of when. Now, it is happening. AIG will be back again, and again and again to the federal trough. Your personal savings and retirement, if in the market or bonds, is underwriting the European banking failure. They are trying to let the gas out of the balloon slowly, but a day will soon come, (I do not know what that trigger will be), and I believe in the next 13-15 months, when the spring being held down will suddenly unwind and that global economic meltdown will come to the revelation of all in just a few days. It will be a world thrown into darkness and despair. The derivitive nightmare makes this absolutely unavoidable. Prepare the best you can.


46 posted on 03/06/2009 6:23:05 PM PST by Texas Songwriter
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To: OpusatFR
Isn’t AIG the key to the politicos’ hefty DC pensions?

No. AIG sold today for 36 cents per share. AIG is the conduit whereby the treasury and Federal Reserve funnel money to Europe. Why do you think Bernanke, this week, refused to tell Senators and congressmen where the nearly 2 trillion dollars, some of it TARP money (and therefore taxpayer money insstead of Fed printed money)? Bernanke told them to shove it up their ass. Congressmen and Senators did not have the balls to press the question and find him in contempt of Congress. It was a disgusting display of cowardice we have come to assume in elected officials. Our Republic hangs by a slender thread as we steal the dimes from our parents eyes and transfer a debt which our children will never be able to repay. The liberty tree needs to be refreshed from time to time. This is such a time.

47 posted on 03/06/2009 6:32:04 PM PST by Texas Songwriter
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To: Kent C

Didn't those shoes make it to the mother ship?

48 posted on 03/06/2009 6:52:32 PM PST by Sawdring
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To: Mad Dawgg

OK, but if we are so interconnected, then why don’t they pony up some of the $?


49 posted on 03/06/2009 7:11:42 PM PST by sobieski
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To: sobieski
"OK, but if we are so interconnected, then why don’t they pony up some of the $?"

Europe give the U.S. money?

We are Uncle Sugar to them, they will never give us money.

50 posted on 03/06/2009 7:38:51 PM PST by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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