hello. people do believe anything, say China bought heavy into Fanniemae and Freddiemac, and suddenly lots of communist money was on the block, and our stupid brokers thought the government would default; and never make the tax payers bail them out- is it still the fault of the inflated unrealistic prices placed on the properties? or was some mideastern subversive group plotting to undermine the economies of the world? tune in thursday at 9 for the next exciting episode- will time fly, same time, same….

What is this, w looking for them terrorists again?
Nope, missing billions here.
Nope, none over here either.
And, not back here.
Wow, I think it is really missing.

hello. i’m not great at mathematics, but say about half the homeowning population got suckered into this arm mortgage swindle- must be at least say over 300 million people- 2 kids per household- 75 million homeowners- no, a bunch of renters- 60 million homeowners in the entire country tops- and half them: like everyone’s next door neighbor; got suckered- 30 million bad paper deals. now that seems incredulous; like i would not believe it; but buy each and every one with $1/2 million each- and that adds up to $15 trillion. 15. only 15.

Just an observation: I seriously doubt whether the average person has the capability to comprehend even ONE MILLION of anything, let alone billions. The $170 Billion talked about is ONE HUNDRED & SEVENTY THOUSAND MILLION. How could anyone in any business at any time in any world possibly “lose” that much money and have not gone completely belly up a long time ago?

I remember once seeing a pile comprised of one million reflector discs like you might see on the backs of bicycles. I couldn’t believe it… it was a pyramid-like mound about 20 feet in diameter!

This “hundreds of billions” stuff that people throw around in these forums is unreal and far beyond even the wildest imagination of most of us. The amounts being played with, I suspect, are far beyond the ability of everyone in these financial institutions to get their heads around either. “A billion here, a billion there… pretty soon you’re talking about real money!”

Don’t worry fellow Americans, if the link below would work, then you will see the glad tidings everyone will receive!
 
TaxRefund1.pps (303.5 KB, download)

LARRY SUMMERS BULLSH*T! “The government cannot just abrogate contracts.” Ha! When AIG first came begging for a government bailout the Feds needed only to insert a clause that all bonus contacts were abrogated or taxpayer funds wouldn’t be forthcoming. Now that AIG has come begging three times, AIG can either stop the bonuses or return the $170 billion taxpayer dollars, or better yet, let the bonus babies sue, no US jury would award these bogus bonuses. Larry Summers acts like a big pig protecting all his little piglets. President Obama, where are you.

Fed Chairman Ben S. Bernanke’s BIG LIE, “… we have no choice but to stabilize [AIG], or else risk enormous impact, not just in the financial system, but on the whole U.S. economy.” Equating saving AIG, Citigroup and BofA with saving the entire financial system is bunk. We have 8,000 banks, two banks and one insurance company will not be missed. Let zombie banks die or Bernanke will condemn the US to a Japanese style lost decade. Stop using taxpayer money to prop up directors, managers, stockholders and bondholders of failed financial institutions.

Today they are saying maybe some people should be fired for incompetence?  Entitlement of the Plutocracy is apparent and no different than little kids demanding toys or candy at the store.

“In recent weeks, public outrage and pressure from lawmakers demanding to know who benefited from the AIG bailout has reached a crescendo. But until yesterday, AIG executives and federal officials had repeatedly refused to release such details, arguing that trading partners had a right to privacy and that any disclosure could harm their businesses.” Washington Post

I heard on late night radio, in detail, how AIG and the US Government have worked for decades hand-in-hand as financial partners in all sorts of national and internation skullduggery. I was half asleep and don’t remember the gory details but it seemed clear to me that a government “bailout” to AIG was a foregone conclusion from the git-go.

There’s so much we, “the people,” don’t and won’t ever know. Those few who do must be laughing themselves silly watching us go ‘round in circles airing our ignorance.

The role of us “little people” is not to KNOW. It is to PAY and PAY and PAY and PAY… and SHUT UP ABOUT IT.

Poor AIG, poor insurance corporation, a bank at heart. As Executive Sloganeer for the Incorporated Estates of Earth, I do what I can for them. It remains my honor, my job to convince the vassals to give more money to the banks. For some odd reason, the vassals seem to think their own money properly belongs to them. Not at all. All money belongs to the banks who make any money possible in the first place. The banks are the real workers of the world because they do the most important job – that of moving money from place to place. Not only do banks deserve a large cut of each and every transaction, they deserve the right to control transactions because privileged use of money is vital to the health of every incorporated estate. Vassals don’t get this. They tend to think their own needs are as important as the demands of the banks, let alone the estates. Even more so. Where do vassals learn such tripe and treason? Certainly not in the schools. Not in the good ones, at least.

Vassals are prone to blow through money quickly with their mundane spending on food, shelter, clothing, transportation, fuel, electricity, healthcare, and so on, which is all well and good – until there is no money left for the banks, the pesky problem today. The vassals spend it all! They spend all the banks’ money. All and more. And the vassals are sunk into debt deeper each day.

The banks are totally bankrupt, having lent far more than can possibly be repaid, having purchased and traded and sold enormous equities for which they cannot now account, if they ever could. Mistakes were made. It happens. Unlike vassals, banks are too big to fail. Too important. Does this even need to be explained anymore?

Take a vassal who fails to cover expenses – he goes hungry or cold or suffers from heat, or gets depressed or goes mad, or gets sick or commits crimes, loses relationships or jobs, maybe gets jailed or dies. Any and all of this may happen with any given vassal, which is more-or-less acceptable as long as the banks get paid in the meantime. Because if the banks go down, who will be left to pass along the money to those who know what to do with it, the golden few?

Surely not the vassals. It makes no sense to put vassals in charge of their own money. Such impropriety would violate the contract that vassals are born into. Vassals are genetically suited for sustaining the lords of capital first. ... I do love vassals, don’t get me wrong. They are wretched, but they are us. The IEE could not make it without them. And yet, to leave everything up to the vassals, or to leave anything to their whims, shudder to think, just look at the polls – they would end the wars of prosperity or never start them in the first place; they would provide free health care to everyone; and in ways too noxious to elaborate, they would actually try to spread the wealth! Just because they bought AIG with their own money doesn’t mean they have the right to control it, or, shudder to think, pay its staff government type wages - for that would be sheer theft, the very thought of which remains the real outrage in this discussion.

Spread the wealth? Reallocate control? That’s not reality. That’s not survivable, not on or off the estates. That’s begging for the total collapse of civilization as we know it, love it, and feed off it here in the IEE. So sayeth the lords of commerce and good vassals everywhere. In AIG we trust.

http://apragmaticpolicy.wordpress.com/the-vassals-handbook/

What did we expect really? There are at least 10,000 Madoff’s on wall street. And as long as they are in charge of our financial system, this will continue to happen.

Not one of them will end up in jail, not one of them will feel the slightest discomfort from all the heartache they have caused the American people.

Thousands, thrown out of their homes, dying for lack of health care, gutted by bankrupcy reform, credit card reform, the financial lobby and back breaking taxes to pay for it all.

They have nothing to fear from the people, because they own this country, and are entitled.

Think of this when you pay your taxes, if you can, on April 15.