PANAMA JACK

How to Fix the Fed - A Lesson from AIG

I like your comment, and I'm going to apologize to anyone who get's
offended by this, but is their a reason why you forgot to capitalize
the (G) in God's. Or did you mean some other word?


On Dec 01 01:20 PM Moon Kil Woong wrote:

> The Fed still hasn't learned and is at it again. For instance, today
> AIG rose as it closed a pact with the New York Federal Reserve Bank
> that slashes its debt under a credit facility by more than half.
> This is once again transferring intransparent losses and liabilities
> from AIG to the public in full. I don't see the shareholders of AIG
> willing to commit their own funds to god's work. What makes them
> so free handed in commiting public backed funds. Oh sorry, the Fed's
> independend right; and my brain is a seperate entity from my body.
>
>
> I'm sorry but the Fed's actions are in self interest to the banker's
> club they are from. There is no altuistic bone in their body.

Charlie Gasparino: Another Crash 'Has to Happen Again'

I agree with all that as been said, but we have to remember that the American people have a tendency to forget. History has a tendency to repeat itself, we just can't connect the dots!
In this country, it seems that the crooks on top get rewarded, we the American people get punished, again!
This must not have been part of the change?