AIG is not owned by the Taxpayers. The Federal Reserve unlawfully loaned money to AIG.
The TRUTH about AIG and THE FED.
The Weekend March 15-16 saw multiple lies by various people regarding AIG and the FED.
On Meet the Press and Face the Nation the false statements that "...the Government owns 80% of AIG ..." and that
"...the taxpayers own most of AIG..."
were made by the commentators and by Thomas Freidman, for one, who I am sure knows better.
In September, the Federal Reserve loaned money to the AIG corporation; on what terms no one knows.
The fact that FED Chairman Bernanke says they took 80% control is a fiction, as the failure to
cancel the outrageous "performance" bonuses proves the lie that the Fed got control of AIG.
Why can't Congress see the loan agreement between the FED and AIG?
The facts are:
The FED loaned Billions of dollars it printed and says it "owns 80%" of AIG. In fact, AIG paid
the Fed's stockholder banks.ie. Goldman Sachs, et al.
What bank can loan money to a private corporation in order to have that corporation pay off
its own, the private bank's, stockholders?
A List of owners, ca 1989:
If this isn't double-dealing, it sure is unethical and dishonest.
- The Fed rewarded its biggest shareholders, using AIG, by repaying them for derivative bets that went bad.
The fact that on the Sunday news programs about AIG, not one talking head
mentioned that the FED control-loaned 80% of AIG, seems to indicate that this was not just an oversight.
- Thomas Freidman and Bernanke omitted the fact that the FED is not "the Government".
- The talking heads, ALSO, failed to mention that the Fed is PRIVATELY OWNED, as are the
12 Federal Reserve Banks.
Could it be the AIG bonuses are being paid to keep its staffers from going public?
See who the owns the 12 Federal Reserve banks and read all about it at:
The UWSA FED REPORT, page 1.
This is Report is more than 15 years old. We constructed a complete review of the Federal
- The other "mis-statement", BIG LIE, being used is the false claim that "Hoover got the law
passed to enable the FED to loan to non-banks."
Read about the FED at:
All About the
Read what happened at the Start of the Great Depression, in the early 1930's, when a
member of Congress took on the FED. It was a fatal mistake.
Read about it at:
Go to The FED and Congress clash in 1932
Regarding AIG, when the Media Talking Heads use the
words, "government-owned", be sure to include the word "shadow", as in "Shadow-Government."
The 12 Federal Reserve Banks' owners & their lobbyists are definitely
running the U.S. Government.
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