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BILL MOYERS: A.I.G. did?
WILLIAM K. BLACK: What we're doing with -- no, Treasury and both administrations. The Bush administration and now the Obama administration kept secret from us what was being done with AIG. AIG was being used secretly to bail out favored banks like UBS and like Goldman Sachs. Secretary Paulson's firm, that he had come from being CEO. It got the largest amount of money. $12.9 billion. And they didn't want us to know that. And it was only Congressional pressure, and not Congressional pressure, by the way, on Geithner, but Congressional pressure on AIG. ...
Originally posted by sad_eyed_lady
I hear that the derivatives are the great black hole that will cause everything to go down. I am asking this question - please pardon its ignorance. If the derivatives are the problem why can't they are be declared null and void?
Originally posted by sad_eyed_lady
I hear that the derivatives are the great black hole that will cause everything to go down.
I am asking this question - please pardon its ignorance.
If the derivatives are the problem why can't they are be declared null and void?
Originally posted by gaslaugh123
Something has got to blow wide open and soon, maybe tomorrow. You can't turn the furnance up without feeling the heat." At the rate this incrediable "cancer to society" is unfolding makes one wonder just how close mass chaos is." Without jobs and a system of exchange their can be no society and "good luck" becomes "just how screwed are we?". Royally!! I would venture to say.