As a distant observer, it is astonishing U.S. tax payers have been fooled into thinking the failure of AIG would have been catastophic by undermining confidence in the financial system.
By Daniel at 7 February, 2010, 8:08 pm
The InvestmentWatch blog has moved. Please adjust your bookmarks from now on to go directly to investmentwatchblog.com
In essence, this veil of deception allowed a Coup d’etat of the U.S. Government and Treasury by the banking system elite.
It is undeniable that politicians in Washington D.C. have been bought and sold for years by financial lobbyists in favor of Wall Street’s interests at the expense of U.S. tax payers for many generations to come.
A most glaring abdication of duty by U.S. politicians indeed! (i.e.,.Paulson, Richard Shelby, Chris Dodd, Barney Frank, Geitner, Bernake, and both the Clinton and Bush Administrations, etc…).
One must ask the question who was responsible for supervising and overseeing the behavior of AIG and Wall St. firms while U.S. politicians basically rolled the dice in providing subsidized housing (i.e., Fannie/Freddie via Clinton’s State of the Union Address)?
From the U.S. tax payer viewpoint, the actions of U.S. politicians and Wall St. are totally indefensible and is the apotheosis of utter incompetence, greed, arrogance!
The smell of this egregious behavior by the U.S. permeates from Shanghai to Dubai!
- Lauteurcalme
No comments yet.