Philman

Proposal for Fed to Become the Next AIG

Why do you believe that the referenced document reflects Federal Reserve holdings? The guide to these numbers describes them as follows:

"The Treasury International Capital (TIC) reporting system collects data for the United States on cross-border portfolio investment flows and positions between U.S. residents (including U.S.-based branches of firms headquartered in other countries) and foreign residents (including offshore branches of U.S. firms)."

How does that convert to the Federal Reserve creating derivatives? If I am not seeing something here, please advise.

Was the AIG Bailout a Goldman Bailout by Proxy?

Angry Banker,

It seems to me that, now that we have finally gotten to the truth -- that the Goldman Sachs and all the others that got the backdoor bailouts from AIG to allegedly "save the financial system", they and the others should now be required to pay it ALL back, before distributing obscene bonuses and salary to their executives.

But, then, being a banker at, I suspect, Goldman Sachs, steeped in the idea that you are a privileged person to whom the world owe a living, you probably disagree, and think bonuses paid, essentially, with government bailout funds, are just fine and dandy. That is the real truth, isn't it?