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Posts Tagged ‘aig
eliot spitzer on cnbc
Vodpod videos no longer available.
Southpark on bailouts
funny stuff
great AIG rant by congressman Gary Ackerman
what a continued cluster-f$Ak….the fed has silently lent out $ 2 trillion in loans to unknown companies for unknown assets….
mike bloomberg’s company is doing the american public a noble service in exposing this scam:
saw this on the consumerist.com.
ron paul on recent aig collapse. even fox news seems to be taking ron paul seriously.
here’s ron paul (once again proven right by this current crisis) breaking down how the fed causes bubbles like our current housing bubble. side note: us govt stopped tracking money supply in 2006.
great graphs of how the american banking industry was slaughtered this year. $1 trillion lost, which roughly equal to the amount of new money printed by the govemment over last few years. to me this is a scary relationship – print tons of money, which then gets lost on stupid loans? waaay easier to lend money when you have a feeling you won’t have to pay it back….
from tech crunch: http://www.techcrunch.com/2008/09/16/the-mess-on-wall-street-four-trillion-dollars-down-the-drain/