Shocked and Persuaded

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Separating Fact From Fiction

Goldman Sachs + AIG = Perfect Together

Goldman Sachs paid back the TARP money no doubt and that is exciting, but here are the other 2/3 of the bailout pie they don’t like to talk about.

First the Federal Reserve discount window where they borrowed >$30 Billion at 0.75% interest and turned around and lent it to businesses and governments at 3-4% interest….THAT MY FRIENDS IS CALLED MINTING MONEY!

Also the AIG bailout basically funneled a large amount of liquidity to Goldman and a variety of other large multi-national financial “institutions” (See below). So those smug smiles are indicative of Foxes In The Hen House. The graph below is another reason why Tim Geithner, Hank Paulson, et al are complicit in this fiasco. TOO CONNECTED TO FAIL!

Data rarely lies especially Pie Charts.

aig

Category: Economics, National News

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