McClatchy on Yahoo ^ | 6/10/10 | Chris Adams
FR Posted on Thursday, June 10, 2010 by NormsRevenge
WASHINGTON — The federal government didn't exhaust all its options before it committed tens of billions of taxpayers' dollars to bail out the American International Group during the height of the 2008 financial collapse, according to a new report from a congressional watchdog panel.
The Congressional Oversight Panel, which was created to monitor the spending in the 2008 bank bailout bill known as the Troubled Asset Relief Program, or TARP, detailed in its latest monthly report the government's extraordinary rescue of AIG and its lingering effects on taxpayers and the financial markets. (Excerpt) Read more at news.yahoo.com ...
Top 20 AIG Campaign Contribution recipients:
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REFERENCE The Federal Reserve Bank of New York and the United States Treasury rescued AIG with a taxpayer backstop totaling $180 billion. The US Treasury's $180 billion rescue is "interesting" since ex-COS Rahm Emanuel ran Treasury activities.
Now where did that $180 billion go? "Professor" Ohaha knows nothing about high finance----but Rahm toiled on Wall Street before becoming a (gag) public servant (4 term Congressman, Clinton henchman, Fannie Mae looter).
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HOW DID GANGSTER GOVERNMENT SCAM $180 BILLION? PROBABLY LIKE THIS (the Madoff MO): Creating a labyrinth of interrelated international funds, institutions and financial entities of unparalleled complexity and breadth......with assets and businesses in multiple places offshore that hid government fraud, thievery, money launderering, tax evasion........ all out of sight of taxpayers, the IRS, SEC, FEC and US banking laws. BTW, stolen money is taxable. At least half a dozen people are going to walk away from “Public Service“ living like the Sultan of Brunei......and we can name them all without even breaking a sweat.