balois

AIG Is Dead, Long Live AIG

Now there s a juicy conspiracy theory rumored in Europe.

Consider:

- Unprecedented, gigantic Gov bail out to prevent the AIG house to go bust and burst open to the public eye, scrutiny.
- The ugly dozen investment banks kept entirely whole on their empty CDS bets - akin to reimbursing the losers on the roulette table. Keep them happy at all cost?
- Lame and tame political, media reaction to paying foreign banks in full for such pure casino gambling, eventually at the expense of the US taxpayer!
- Only most trusted members of the most inner circle of the US Treasury-Fed-Financial complex involved in the rescue effort.
- around the world, and specifically in Zurich, sizable office buildings, housing AIG related entities and nobody knows exactly what they are doing.

Unusual coincidences? Not so, if this is the reason:

AIG is/was the world wide offshore paymaster for the US intelligence agencies, the clandestine banker to the CIA & Co, to handle the myriads of financial transactions. AIG the secret G & A backbone of these US services. Without it, they cannot function. Hence the scramble to keep AIG from filing for ch 11 or similar open process... and at least some explanation for the relative resilience of the stock...

Nothing more exciting than a cockamamie conspiracy story to ponder over the weekend, no?

Have a good day