AIG… A Stealth Conduit For a Government Money Laundering Plan
AIG paid $165 million in bonuses, but angry lawmakers and administration officials insisted the money belonged to taxpayers and vowed to get it back. The clamor over compensation overshadowed AIG's weekend disclosure that it used more than $90 billion in federal aid to pay out to foreign and domestic banks, including some that had multibillion-dollar U.S. government bailouts of their own. The counterparty list is a veritable who's who of the world's top financial institutions, including Goldman Sachs (GS), Bank of America (BAC), British bank Barclays (BCS) and Germany's Deutsche Bank (DB). The question arises - Why did the United States Government insist on honoring these legally questionable obligations?
At the heart of this transfer of billions of taxpayer dollars to the world's leading financial institutions… Continue reading