Billions to AIG – some went to banks overseas
March 9th, 2009
The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured into American International Group Inc since last fall has been paid to at least two dozen U.S. and foreign financial institutions.
The newspaper reported that some of the banks paid by AIG since the insurer started getting taxpayer funds were: Goldman Sachs Group Inc, Deutsche Bank AG, Merrill Lynch, Societe Generale, Calyon, Barclays Plc, Rabobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander, Morgan Stanley, Wachovia, Bank of America, and Lloyds Banking Group.
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Food Network
February 11th, 2009
Well, I’m swearing off the news for a while – I’m going to have the food network going when the TV is on.
Today’s highlights were Senator Schumer of NY saying American’s don’t care about our government wasting money on pork and/or earmarks, the Banks charging us millions in fees to accept the billions in bailouts, and a few sellout senators enabling the spendulus bill, which has no earmarks according to Obama.
I think I need about 4 years without news at this rate.
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