Monday, April 20, 2009

Uh - you were watching, being paid (by the taxpayers) and and should have been counting the cards!

Today is April 19, 2009

In a NY Times article today the General Counsel of the NY Federal Reserve stated "It wasn’t about ideology and it wasn’t about philosophy. It was about crisis management,” said Thomas C. Baxter Jr., general counsel for the Federal Reserve Bank of New York, which engineered much of the A.I.G. bailout last September. “We were at a very fragile point, and we had to come up with a decision right away about how to deal with the hand we had been dealt.”

So in order to justify your continued position (i.e. your job) you figured out a way to further abuse the taxpayers' money.
Am I the only one who sees a problem / pattern here?
The smart, confidence men and taxpayer-funded regulators on Wall St are rolling taxpayers yet again with more hyperbole - officials like this would have the taxpayers believe that problems at AIG or at certain few big 5 banks were UNKNOWABLE?

I may have been born at night and in a snowstorm - true - but it wasn't last night ok?

Where is former AIG CEO, Mr Greenberg in all this?
What is the status, if any, of an investigation into the CV Starr domestic and off shore entities?

Where is just one reporters investigation into AIG's decision in 2003 (not a typo) to exit Wall St's excess S.I.P.C. insurance, after having never paid out on a claim in 30 years. When HG was still CEO - then AIG FPG decided they will insure the brokers' credit default swaps.
Where was the NASD, SEC and the NY Fed - officials on this? Show me.

Siesta time on the taxpayers' dime.

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