Tag Archives: AIG

Remember Fred Thompson and his Little Red Pickup?

The one that he had somebody deliver to a short driving distance from his rallies, so he could pretend to be “jes plain folks”?
He’s doing Bankster Commercials. Yep. Working for an investment group, who are hawking a “reverse mortgage”. While being a Republican and therefore supporting their loud cries for the Government to cut off any loan guarantees, he smoothly lies to the people and says it’s a Government Backed Guarantee. What a hypocrite.
Fits right in. If I had any doubts of whether the now-privatized program is unsound, that settled the doubt.
Why it sounded fishy before, first, it’s not really backed by any actual cash. And it was always administered through the private investment bankers. Like AIG who had to be bailed out because they’re just such wonderful stewards of other peoples money.
Then there’s the idea that while their customers are walking over the grass, and the grass ain’t walkin’ over them, they can’t be evicted. The ones whose Social Security and Health Care are on the chopping block, in a charge led by… the banksters and their new spokesfreak.
Gentle Readers, if you’re already invested in this, whenever the Banker comes around to visit, don’t eat or drink any gifts he brings.

$180 billion US government giveaway to one insurance group and counting

AIG bailoutBarack Obama is going to put the US government into its grave! AIG has $61.7 billion loss, new U.S. aid may not be last …AIG is an insurance grouping and lost about $465,000 a minute in Oct, Nov, Dec of 2008, and was a record for a U.S. company, according to Thomson Reuters data. For all of 2008, AIG lost $99.29 billion, wiping out profits dating to the early 1990s. That amount is close to the gross domestic product of Kuwait. Total giveaway ‘relief’ to AIG by Bush and Gerald Barack Ford s now at $180,000,000,000 and still counting! Can you smell “the recovery?”