3.16.2009

Government Asleep At The Wheel!

While Barney Frank is obsessing over AIG's 160M bonus payouts to executives, the rest of the Obama team, who promised strict regulation on bailout money, let 90 BILLION walk out the door, with 32 BILLION going to foreign banks!

In essence, the US taxpayer just paid 32 Billion to foreign banks! Add another 13B to Obama's government advisor buddies at Goldman Sachs and instead of an AIG bailout, we got a covert bailout of other institutions, who were probably made whole on our dime.

The biggest recipients of the AIG money were Goldman Sachs at $12.9 billion, and three European banks -- France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion.

Fucking heads better roll on this one and I hope Barney Frank pulls his head out of his ass long enough to realize which travesty should take immediate priority!

Of course, the media will probably focus on Frank's rattling over the 160M payout to executives instead of the real issue here. No surprise, you have to go to a foreign source to get a decent account.

http://www.stuff.co.nz/business/world/2266582/Goldman-milks-AIG-bailout

Update: Finally, a day later! The US media jumps into the fray! It's about time!

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