GS & AIG Side Bet, Costs Taxpayers Billions!

[decoy409]

Little noted and well deserved to to be PRIME TIME. But of course it was not.
So just sharing as they say!

Quote: Goldman Sachs Got Billions From AIG For Its Own Account, Crisis Panel Finds
www.huffingtonpost.com/2011/01/26/goldman-sachs-aig-backdoor-bailout_n_814589.html

And let's have a look this way as well. $5-$10-$50 TRILLION who cares, right!
So them we just will hide how and when and where and keep on playing the game. Who cares! It's old news and what the heck is a couple bucks anyhow. Geez.
The pile under the rug has been added to so much that of course the ceiling has to be raised.

Quote: Federal Reserve to up toxic asset purchases to $5 trillion?

The U.K. Telegraph is reporting some horrifying news that behind closed doors the Federal Reserve is considering purchasing more toxic assets. A lot more. To bring the total from $2.4 trillion to $5 trillion dollars.

Fed watchers say Mr Bernanke and his close allies at the Board in Washington are worried by signs that the US recovery is running out of steam. The ECRI leading indicator published by the Economic Cycle Research Institute has collapsed to a 45-week low of -5.7 in the most precipitous slide for half a century. Such a reading typically portends contraction within three months or so.

Key members of the five-man Board are quietly mulling a fresh burst of asset purchases, if necessary by pushing the Fed's balance sheet from $2.4 trillion (£1.6 trillion) to uncharted levels of $5 trillion. But they are certain to face intense scepticism from regional hardliners. The dispute has echoes of the early 1930s when the Chicago Fed stymied rescue efforts.

Huge h/t to MTGM. A deflationary spiral, no surprise to anyone reading the government statistic report overviews posted here, or the fact the economy is slowing, yet is the answer to buy more toxic, worthless crap?

[decoy409]

Don't lose track of this great SHAM-WoW!

[midwesterner (banned)]

AIG and Goldman Sach

Great post Decoy!!!

[decoy409]

What happened to all the justifiers of there so called profit shouting from AIG?

Post something of nature and you don't hear a peep from them. Imagine that.

[kman]

I sold AIG. I know old Hank Greengerg is no fan of GS. If there is such thing as an investigative reporter anymore...many more things can be found. for right now . I will keep an eye on when to buy back in. It's a little more complicated with the stock offering pending.

[midwesterner (banned)]

I sold AIG. I know old Hank Greengerg is no fan of GS. If there is such thing as an investigative reporter anymore...many more things can be found. for right now . I will keep an eye on when to buy back in. It's a little more complicated with the stock offering pending.

No shame.

[kman]

You better hope they sell all the shares mid. or you will be stuck owning AIG even longer.

[decoy409]

Don't need to sell anything. Fed will buy it up!

[decoy409]

Boy, must have your tail. That's a lot of rebuttal for a know it all.

[midwesterner (banned)]

From the "Scientists to Find out if Sky is Really Fallin" thread.

Reply #140

Some are proud of this.

Quote from Kman: AIG payed me back....with interest...sucker!

[kman]

I'ts a little creepy to have someone engorge my fonts like that.

[midwesterner (banned)]

Really now?..... You have the guts to invest....and make a profit....and this is the characteristics of a sucker?....what planet are you on?

What are you talking about?? It was a given they would go up, they were backed by the Fed and bailout money. Doesn't take skill or guts to figure that out, just a desire to profit off the backs of taxpayers.