Monday, March 16, 2009

Sec. Geithner donates borrowed money to AIG. LOL!

Donating money we have borrowed from China and who knows who else due to the fact, “…..we are a nation of laws and we have to honor contracts” but I promise you, yes Sir, I promise you the next time AIG ask for stimulus money, I guarantee you if will not be so easy to get. No Sireee, it won’t be so easy at all. Furthermore, this is money our grandchildren have to re-pay!
Yeah! Right!

So it is we are presently engaged in talks with financial world leaders and begging independent investors to invest in America in efforts to regain the trust of the world community and our financial institutions can tell us all to kiss their collective ass. If I were Sec. Geithner, I would seriously consider renting a flat in England until this performance of “But Our Hands Are Tied” folds. An awful production!
As always,
BB
* The Real Scandal of AIG
Excerpt:
The administration is said to have been outraged when it heard of the bonus plan last week. Apparently Secretary of the Treasury Tim Geithner told AIG's chairman, Edward Liddy (who was installed at the insistence of the Treasury, in the first place) that the bonuses should not be paid. But most will be paid anyway, because, according to AIG, the firm is legally obligated to do so.
(Author: The last two sentences in Mr. Rich’s post are real show stoppers!)
Robert Reich. Former Secretary of Labor, Professor at Berkeley
Posted March 15, 2009 | 03:33 PM (EST)
http://www.huffingtonpost.com/robert-reich/the-real-scandal-of-aig_b_175105.html

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