Dude, I could fucking care less if you wrote the Great American novel in those three pages. It’s unreadable. Seriously.

Hell, lets try it again in your formating:

Dude, I could FUCKING CARE LESS if you wrote the Great American novel in those THREE pages. It’s unreadable. SERIOUSLY.

Did you feel your brain shutting down while reading my cut and paste? That was what I felt reading your comments.

Oh, and to cover my ass: No, I don’t care for ‘fill in the blank’ bias anyone cares to label me with. I’m a middle class Canadian who’s mutual fund stock is finally rebounding. I only give a shit about American troubles because it provides cheap entertainment.

I’ll repeat the link here for the lazy amongst you; everyone should go and read it…

http://www.theatlantic.com/doc/200905/imf-advice

Go on watching TV, sports, eating cheeseburgers, apple pie, drinking beer and having sex because that’s the best it gets.
You can’t change a fucking thing! Sorry but that’s life…always has been!

Last year when Freddie and Fannie already were dead meat, and AFTER they received their astounding bailout disbursements, they paid such bonuses to their management which eclipsed anything that the AIG has done. And nobody was giving a damn.

One also has to remember that AIG is actually a huge and successful insurance firm, but with a Financial Products division which now looks very much like a mutilated corpse. This is because they were careless and financially irresponsible; however, the same applies to all Americans who were fooled that the deficit financed ‘prosperity’ they had experienced since Reagan years was real prosperity.

So, as far as I can see the legal part of it, while AIGFP’s assets and liabilities are on the AIG’s balance sheet, the main company itself will live on if the FP division files for bankruptcy.

But this is not to be allowed because it will wipe out the credit derivative deals underwritten by AIG. This will in turn wipe out JPM, BoA, GS and Citi. But how can you wipe out the people who actually run the US? (Oh, you thought it’s the President who runs the country? Poor, poor naive creature..)

What’s funny (and why I’m talking of mass distraction) is that at the same time when the American public are being potentially fleeced of TRILLIONS through PPIP, and exposed to UNPRECEDENTED (for America, of course) inflationary risks (Fed has just started monetizing debt, and it looks like this process will take on a life of its own), – the Americans, like a herd of cattle, “rise in indignation” against AIG bonuses which are mere MILLIONS!

What Mark Ames has been 100% right about for years is that the US government is just as corrupt and irresponsive as the Russian government. The only difference is that the US government is more efficient at fooling people.

This comparative analysis of ‘crony capitalism’ in the US might also be of help:

http://www.theatlantic.com/doc/200905/imf-advice

That apparently makes AIG the true victims here, huh you retard?

Ames and his comrades put here before us nicely served thesis, unlike you did.

damn…such good points…too bad you’ll probably censor them.

The US government *intentionally* allowed the AIG bonuses so they would have a witch to point out.

Anyone who writes “Boyz” really shouldn’t be throwing stones in a glasshouse.

gOd- I’d like mine with mustard…

Dude, I just gave you the genesis of Economic Crisis 2008-2009 in two pages or less, with the best links, the best articles available anywhere, supporting ‘em!!

Where else ya gonna git the Video link of Jim Cramer telling folks “If you ain’t into _illegally manipulating_ a stock, you should NOT be in (or running) a hedge-fund”??

As far as “Letting the BIG BOYZ REPORT the ‘news’”, if you can find ONE “Big Boyz” reporter to tell you HOW MUCH the REAL BAILOUTS COST so far (not including the Robt. Scheer link in included in my ‘spam’) I’ll ___ ___ ___ !!

What are you, trying on Dolan’s writing style? Does any one still work at Burger King?

Letdowns and comedowns. The truth is never comforting. Death of America II. What will America III be like?

Guys. I think we’re missing a LINK here … all of this bullshit … it’s all connected in a way that is difficult to understand. There’s an insane encryption tool at work here: years and years of business school lingo and abbreviations that could blow the most bizarre porn freak out of the water. But what’s happening is also difficult to understand in another way … the way that you “don’t understand” how your girlfriend could have been fucking your friends while you were at work.

Once … excuse me … IF people are given the tools and language to decrypt all this financial shit … put the dots on the board and then draw the lines … they are going to be even more furious. But the masters aren’t kind. They’ll prevent this … change the rules of encryption … hire everyone from the eastern-block-porn-world to devise the most insidious, cryptic, and vile contractions of American-english since the USA PATRIOT Act.

I’m fucking steaming … and a head full of amphetamines … and I’ve got to be at work at Burger World in a few hours. Remember our masters … they’re still mortal and this frightens them. If Taibbi was right, and they look in the mirror and see Brad Pitt at least haven’t figured out how to change what we see … decaying, blubberous, sacks into youthful, desirable things … fuck, Burger World is calling. What is the proper gauge of ammunition to blow holes in this type of organic matter? Whichever I choose, they’ll have to wait for a day off.

Wait … I don’t get days off.

Jesus. This whole situation … sad death of America … has me thinking of Nietzsche and Schopenhauer. They fit together so well in this case. Our masters are all in bed together … sucking and slurping at the last bit of our wealth … a bizarre college-fuck-fest-video-shoot but we aren’t getting the right angles. C’mon cameraman, can I at least catch the money shot? Or will this be another unfulfilled desire in a gigantic chain?

Well, I’ve got one more line left … which will ultimately make room for more letdowns … in Schopenhauer’s words … technically they’re comedowns in my case. Let’s make this line count … and then off to Burger World.

Congress OWNED by Financial Companies: FIVE BILLION DOLLARS in bribes (er, “Donations”) over past 10 years

(NOT counting _RELATED_ donations, for example, the close ties if not influence GOLDMAN-SACHS members have with tens of thousands of AIPAC/Israel-lobby donors) http://www.wallstreetwatch.org/soldoutreport.htm
full 3MB pdf:
http://www.wallstreetwatch.org/reports/sold_out.pdf
=================================
And, Bernanke/Geithner’s Fed “INJECTS” another $630 BILLION into their member Big Banks’ balance sheets…. the SAME WEEK that Paulson was getting $700 Billion from the Pelosi Congress, the last week of September 2008!
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MTZEgukPLY&refer=home

HOW BAD, how AWFUL, is America’s “Mainstream Media” “reporting”???!

ans.- Not only can we NOT get an accounting of HOW Paulson (and now Giethner) DISH OUT our BILLIONS of taxpayer BAILOUT dollars
(for example, the AIG “bonuses”, the $200 million in bonues were of course CHUMP CHANGE compared to AIG handing out BILLIONS of taxpayer money to… GOLDMAN SACHS and FOREIGN BANKS!!)
… but hell, we can’t even get an honest, rough total of just HOW MANY taxpayer BILLIONS have ALREADY BEEN GIVEN OUT !!

First of all, got to laugh at #29, Nicolai Ceske! Nic… sounds interesting you moving smack into middle of Europe to get away from American conspicuous greed & consumption… & then you express a fascination for the Playboy Mansion… THE ULTIMATE expression of that conspicuous consumption (and lust!) in all of America! lol
(You do know, of course, that the Playboy mansion in roughly modeled on the Arab/Turkish HAREMS, right? Where the Arab/Mongol/Turk rulers & conquerors had their pick of the thousands of the most beautiful women, girls (& boys) of their latest conquests?
(Heck, one of the Turkish Sultans was rumored to have blond hair, because his mother had been captured and sold as a Slav child-slave from Serbia.)
(btw, the word “Slave” comes from “Slav”, because the East European Slavs were fodder for so many conquests & enslavements, from titanic waves of invasions, from Huns to Vikings to Mongols to Arabs to Turks, etc.!)

Now down to business. The REAL Bailouts have cost American taxpayers THREE TRILLION DOLLAR in past 12 months.
http://www.truthdig.com/report/item/20090331_in_for_a_penny_in_for_298_trillion/
Actually more, because since Bush-2 gave us those Monster US DEFICITS, the above $3-trillion is _MORE_ DEBT we put on the national credit card… which we must of course pay off with interest.
(By now EVERYONE knows, that if you are close to your limit on your credit card, and buy a leather jacket on that card for $100, you will actually spend $200 for the credit-purchase before it is all over, right?)
(If you only make minimum payments, carry your balance for a year or two.)

Here’s the breakdown of the $3 TRILLION in bailouts thus far:
#1. OVER one TRILLION dollars, BEFORE MARCH 2008, alone! As I briefly tried to explain previous comment, this was the Fed Reserve Banks (plural!) ability to CREATE MONEY out of thin air, in tens-of-billions-of-dollars chunks. The _Treasury_ does NOT have this “Money Creating” power…. the 12 PRIVATE Fed banks do.
http://en.wikipedia.org/wiki/Federal_Reserve
Even the Wiki entry is confusing about the Fed’s ability to CREATE MONEY out of thin air, actually no more than electronic debits or credits in the registers of its 12 member banks. Actually, this is simpler than it sounds… You wake up one morning to find out that your Citi or Chase Visa card suddenly has a $1 million CREDIT on it… Go ahead, spend it as you want! You will never have to pay it back… spend it like “real” money you worked for, but it just appeared out of thin air. Well, the Fed. Reserve is comprised of those “12 member, _private_ banks”, but the relation between the “private” 12 Fed banks, and the BIG private banks that we know of are a even murkier… #1. the Citi-bank, #2. JPMorgan-CHASE-Manhatten bank, #3. the NY Bank Mellon, #4. Bank of America, and… #5. Goldman-Sachs, all clearly have BILLIONS of dollars, and, being the biggest banks & finanical powerhouses, clearly have tremendous influence over the Fed, almost certainly because they OWN a huge portion of those 12 “private” Fed banks.
Anyways, after the Fed “creates” that ONE TRILLION DOLLARS out of thin air – “money” that American taxpayers now become liable, an INFLATION of the money supply which DEFLATES the dollar, we know that huge chunks of those billions wind up in the bank vaults of the Top 5 US banks listed above.
This is the FAKE or “FIAT MONEY” that the big banks & brokerage houses used to CREATE THE IMPRESSION that they were MAKING MONEY, sucking in REAL money from (us) greedy American “investors” trying to get a free ride. Would the Stock Market (Dow average of 30 industrial stocks) have flirted with 14,000 in October 2007 without that Fed “INJECTION” of one TRILLION dollars???
Hell no!

Oh -forgot to mention another aspect of the Fed’s ability to CREATE MONEY…. all those “LOWER THE FED RATE!” shouts & cries you heard from Wall St. guys over past dozen years. When the Fed lends out LOW rate money to the big banks, and they turn around & lend it to you or your neighbor at a higher interest loan, they have effectively CREATED FREE MONEY; “Here’s some FREE (low interest) money, LOAN it out, KEEP the interest, give back the original sum of money, but we will GIVE IT RIGHT BACK TO YOU, so you can start all over.”
Clearly, Wall St. got ADDICTED to this FREE (very low interest rate) MONEY from the Fed, which PUMPED UP THE MARKETS for past 6-7 years. But like any addict, the rush soon wore off. Making a little “vig” (“vigorish”) or “commission” on the Fed’s low-interest overnight rate was NOT enough to sustain the artificially pumped & high-flying markets… so the banksters DEMANDED MORE. That’s where the Fed “LIQUIDITY INJECTIONS” started coming in – a more direct jolt of Free Money into the veins of those Wall Street “FREE MONEY NOW!” addicts.
When first the “rush” of Low-Interest Fed Rates (= free money) wore off, and then, the DIRECT GIFT of FREE MONEY from BILLIONS of Fed Liquidity Injections could NOT BE SUSTAINED, THAT is when we had the markets finally starting to UNWIND, MELTDOWN, and CRASH in 2008.
That – watching AIG, Fannie-Mae, Freddie-Mac, Bear-Stearns – when all their DEREGULATION allowed DERIVATIVE speculations could no longer be ARTIFICIALLY PUMPED UP by BILLIONS in FREE MONEY from the Fed, they (and real estate) prices CRASHED.

That is when Bush & Paulson and the Republican/Wall St. “brain-trust” went storming to Nancy Pelosi’s (so-called) “Democratic” 110th Congress, and shouted at Trust Fund Nancy & Hapless Harry (Reid, Dem. Senate Majority Leader), “YOU BETTER GIVE US A $700 BILLION dollar check to prop up our Wall Street, or there will be RIOTS IN THE STREET!”
It was of course THE STUPIDIST Financial capitulation in recorded history, but Nancy was lusting over the possibility of getting a Dem. in White House in presidential election of 2008, and she wasn’t about to let the Republicans say “Nancy’s refusal to BAIL OUT ‘the markets’ caused THIS ECONOMIC CRISIS” so she went along with it. Besides, the Pelosi-Reid-Schumer-Feinstein-Clinton-ROCKEFELLER “Democrats” (hello? JAY ROCKEFELLER?) are FAR CLOSER to the Wall Street big bankers, than they are to working-stiff blue-collar shmoes laid off from the Dodge plant.
So instead of getting just “BACK DOOR” Bailouts of Fed “LIQUIDITY INJECTIONS’ we now have former GOLDMAN-SACHS CHAIRMAN, and Bush Treasury Secretary HANK PAULSON, going to the Pelosi Congress saying “JUST GIVE US THE MONEY UP FRONT, NO strings attached, NO audits, oversight, or verification allowed”!!!
So now we are at $1 Trillion in Fed Liquidity Injections BEFORE Mar. 2008, and Paulson asking for $700 BILLION in Sept. 2008.
Well, guess what? At same time, IN SAME WEEK, that Paulson is asking of (Pelosi’s) Congress $700 billion from the front-door, he & BEN BERNANKE, Chairman of the Fed, are COOKING UP ANOTHER $630 BILLION Fed “Liquidity Injection” at the BACK door !!!
Between the pre-March $1-trillion+ “Liquidity Injections”, the September Paulson $700 billion Bailouts, and the Bernanke Sept. 2008 $630 Fed “liquidity injection”, you have nearly $2.5 TRILLION dollars, alone!
Then when Obama was inaugurated he requested ANOTHER $800 billion in “front-door” BAILOUTS, so even if Paulson only got half ($350 billion) of his requested $700 billion, that still puts the BAILOUTS TOTAL wt well over $3 TRILLION dollars… with MORE to come!
(or, as the Scheer article linked at top of this comment states, MORE HUNDREDS of BILLIONS of TAXPAYER DOLLARS to be SHOVED DOWN THE BLACK HOLE of the TEN TRILLION PLUS in DERIVATIVE FAILED BETS the Top-5 banks lost this past year, and are now trying to STICK TAXPAYERS with making whole!)

For all its complexity, and the media’s CONFUSING reporting, the above really is the simple outline of this market meltdown & recession: using FREE MONEY from the Fed, and NO oversight after a dozen years of DEREGULATION, the Big Banksters ARTIFICIALLY INFLATED the markets and values of their “assets”, taking a skim (“earning a profit”) off of EACH fake, fraudulent deal they made between one another, as their DERIVATIVES bets soared off into TEN TRILLION PLUS dollars of FAILED bets.
Now they, the Big Bankers, WANT TO STICK TAXPAYERS with that ENTIRE $10 Trillion+ in losses (some, like Thom Hartmann, suggest the Derivatives losses are in the SEVENTEEN TRILLION range!)
They have already SUCKED $3 TRILLION _real_ taxpayer dollars OUT of the budget to make good THEIR losses in past 12 months, alone… and EVERYONE in America intuitively knows, “HEY! GIVE ME a chunk of those $3 TRILLION we have bailed out the Banksters for, and _I_ won’t have a recession this year”!

However, the media, the Republicans, the Democrats, and now even the “CHANGE” guy in White House, will NOT explain this simple sequence of events! And instead want to put us on the hook for MORE Trillions to come, when the “Geithner Plan” fails, as it will.
Hell, Economist Paul Krugman doesn’t mince words: he calls the Obama/Giethner plan “The WARMED OVER HANK PAULSON PLAN”,
http://www.sacbee.com/1190/story/1723268.html
(Hank Paulson don’t forget, is the FORMER GOLDMAN-SACHS CHAIRMAN who became Bushies’ TREASURY SECRETARY who PRESIDED OVER DISASTER last year, and demanded (and got) those $700 BILLION in NO STRINGS ATTACHED Bailouts from the insanely corrupt Pelosi “Democrat” Congress!!!!)

Krugman’s FELLOW NOBEL-PRIZE WINNING economist JOE STIGLITZ agrees with Krugman – the Obama/Geithner (warmed-over Paulson) plan is a RIPOFF for American taxpayers: Right there in the title!

#2. “Stiglitz: The Geithner plan will ROB American Taxpayers” !!! http://www.reuters.com/article/newsOne/idUSTRE52N1IW20090324

#3. William Engdahl: Obama’s “PLAN” goes to JUST FIVE big banks, whose TRILLIONS in DEBTS, will NOT be satisfied by even ANOTHER _Three Trillion_ dollars !!
http://www.youtube.com/watch?v=JBazTbb5IJc

#4. Frank Rich – Obama’s AIG BONUS scandal was his SECOND brush with DISASTER!!
POPULIST OUTRAGE from Tim Geithner & Tom Daschle EVADING TAXES during their confirmations was Obama’s FIRST brush with DISASTER – http://www.nytimes.com/2009/03/22/opinion/22rich.html

Clearly, President Obama does NOT know what the hell he is doing – he clearly feels he is being justified, moral, and proper handing out TRILLIONS of taxpayer dollars to the Top 5 big banks, who SHOULD be in BANKRUPTCY, but HIS OWN TEAM of Banksters have SCARED Obama with the Lehman “let it fail, then you will bankruptcy leading to market chaos” vision – EVEN THOUGH there ARE alternatives, for example, the WaMu & Merrill-Lynch meltdowns was handled so well, most people never noticed them.
==================================

And don’t forget PHIL GRAMM.
http://en.wikipedia.org/wiki/Phil_Gramm
He is literally the guy at the center of BOTH US market meltdowns, late 1980s & 2008-2009. He, Dick Armey, Ken Lay, & other Texas _Right-Wing Republican_ _economics PhDs_ were the most vociferous supporters of DEREGULATING the _Savings & Loan industry_ back in the late 1980s. When those Deregulations (aka “license to steal”) led directly to the BUSH-1 RECESSION, the Right-Wing immediately started… blaming the stupid, hapless, corrupted Democrats, as “Tax & Spend Liberals” and for “REGULATING TOO MUCH” !!

This INVERSION of the simple facts (the Recession was caused by DEREGULATION allowing VAST FRAUD, which Righties FORCED TAXPAYERS to make up the BILLIONS lost, one TRILLION DOLLARS in 1980s money) led DIRECTLY to TIMMY McVEIGH’s blowing up the US Govt. building in Oklahoma City in 1995… just over 2 years into Clinton’s first term as president, because Clinton ousted BushSr. from the White House after Bush’s single term because of that Bush-1 Recession.
(At end of Gulf War-1 victory over Saddam in 1991, Bush Sr. had stratospheric, 80%+ approval ratings… but just over a year later, the Bush-1 Recession was so bad, he was ousted from presidency.)
Of course then, like now (like 1930s) it was a GREAT recession, IF you were rich. Which is exactly why George Bush Jr. thought the American public had done his daddy wrong by handing the White House over to that cad Clinton. (Although of course Clinton wasn’t half as caddish as George Jr., but don’t try telling that to a rich, entitled frat boy.)

There is a simple reason that Democrats do NOT make PHIL GRAMM the POSTER CHILD for, not one, but TWO US Economy-gutting RECESSIONS (both brought about by DEREGULATION & Republican DEFICIT SPENDING) that he deserves to be:
__DEMOCRATS are IN BED with the BIG BANKSTERS who LOVE Gramm’s DEREGULATION and LOOT the PEONS agenda!!__
And the TOP “DEMOCRATS” who SUPPORTED Phil Gramm’s “DEREGULATE THE MARKETS and LOOT the PEONS!” agenda over past 2 decades are EASY TO IDENTIFY: they are all the TOP PEOPLE in OBAMA’s administration!!

ROBERT RUBIN, LAWRENCE SUMMERS, MARK PATTERSON, Gary Gensler ALL GOLDMAN-SACHS PARTNERS, or LOBBYISTS!
Mark Wolin ANOTHER big-banking “DEREGULATION NOW!” _lobbyist_ who Obama has placed way-up-high in his admin’s financial offices!

And Obama’s Chief of Staff, RAHM EMANUEL ??
He “only” made… THIRTEEN MILLION DOLLARS in just 3 years, LEVERAGING his “Democrat” insider-connections, leaving directly from senior advisor to Clinton White House in 1998 to the Chicago “investment bank” firm of Wasserstein-Perrella, who specialized in “M&A” (mergers & acquisitions), aka LBO (levereged buy-out) TAKEOVERS – the kind of deal where a company is TAKEN OVER by Banksters, who promptly FIRE HALF of that company’s employees, to PAY the Bankers FEES, LOANS, and INTEREST for putting the LBO-Takeover deal together!!!
http://dealbook.blogs.nytimes.com/2008/11/07/rahm-emanuel-former-investment-banker/

Emanuel used his INSIDER “Democrat” political clout, to CLOSE THE LBO DEALS, that invariably laid off thousands of workers!!

Hell, with FreeRepublic finally catching up to the buzz – http://www.youtube.com/watch?v=5M-OiXUhZNE&feature=related – it is only a matter of time before all the above FINALLY EXPLODES onto the pages of the “Mainstream Media” – BOTH PARTIES are BLATANTLY OWNED by the BIG FINANCIAL FRAUDSTERS, with PHIL GRAMM, GOLDMAN SACHS, (Goldman chairmen) HANK PAULSON & ROBERT RUBIN at the EPICENTER of this US & world Economic Crisis!

(with RAHM EMANUEL the Skull-Crusher/Enforcer/Gate-keeper for Big Finance dominating the ENTIRE Obama White House!)

————————-
PS: Bonus: Here’s a video of FORMER GOLDMAN SACHS trader JIM CRAMER (yep, the CNBC “Mad Money” bully & loud-mouth whose “advice” has cost his viewers even worse than the average market losses last year) explaining how big hedge-funds can MANIPULATE markets…
http://www.youtube.com/watch?v=5M-OiXUhZNE&feature=related
Cramer blatantly stating “Fomenting… creating a false impression… This is ILLEGAL, but we do it anyways, because the SEC doesn’t know what is going on.”!!
The reason the SEC does NOT know what is going on is simple: THAT is how GOLDMAN-SACHS and the other big, fraudulent, artifically inflated Big Banksters want it, and have _BOUGHT CONGRESS and BOTH parties_ with over FIVE BILLION DOLLARS in “donations” over past 10 years!
What Cramer doesn’t say in the video is where he learned those _illegal_ tricks – in his years as a trader for Goldman-Sachs!
Indeed, in the video, Cramer says “IF you are NOT in to SQUEEZING and PUMPING clueless investors, you have no business being in a hedge-fund”!

==================================

PPS: Glancing over the FreeRepublic rap on Emanuel while looking for the “traditional” Rahm Emanuel/Wasserstein-Perella story link (above) – I read this link about… EMANUEL’s FLIRTATION WITH OUTRIGHT FRAUDULENT Freddie-Mac accounting, as reported by the Big-Biz friendly CHICAGO TRIBUNE!
http://www.chicagotribune.com/news/politics/obama/chi-rahm-emanuel-profit-26-mar26,0,5682373.story
Wow. Obama’s Rahm Emanuel/Goldman-Sachs ties are going to make his TONY REZKO ties look like a walk in the park !!

AN OPEN LETTER TO THE PUBLIC
Hi there. On March 24, in the wee hours of the morning, mistakes were made in the waters of Prince William Sound, way up someplace in Alaska. By now you all know that our tanker, the Hexxon Valdez, was hit by a treacherous submerged reef that made us lose 240,00 barrels of valuable oil into the uncooperative waters of the Sound.
We could sue that reef if we wanted to, but that’s not Hexxon’s style. Instead we are keeping our fingers crossed that this whole thing will blow over in a matter of weeks. Sure, there will be disgusting pictures of filthy birds, fish and other unsavory wildlife. But I hope that you know Hexxon has already committed several hundred people to hose off those stubborn otters that still happen to be alive.
Finally, and most importantly, I want you to believe how sorry I am that this incident has occurred. We cannot, of course, undo what has been done. Only God can do that, and He caused the whole damn thing in the first place. But I can assure you that since March 24, this little “in the drink” problem has been receiving our full attention, and will continue to do so until you forget about the whole thing.
Thanks for your continued support. We couldn’t do it without you.
Keep on pumpin’ L.G. Crawl Chairman
P.S. To those of you who suggested that we Hexxon executives should be forced to go to Alaska and scrub those oily rocks ourselves, not returning until the job is done, no matter how long it takes, we simply say this: You don’t understand. We are rich and powerful beyond your wildest dreams.