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Bloomberg: Secret Banking Cabal Emerges From AIG Shadows

http://www.bloomberg.com/apps/news?pid=20601039&sid=aaIuE.W8...

Jan. 29 (Bloomberg) -- The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system -- apart from the matter of AIG’s bailout -- deserves further congressional scrutiny.

The New York Fed is in the hot seat for its decision in November 2008 to buy out, for about $30 billion, insurance contracts AIG sold on toxic debt securities to banks, including Goldman Sachs Group Inc., Merrill Lynch & Co., Societe Generale and Deutsche Bank AG, among others. That decision, critics say, amounted to a back-door bailout for the banks, which received 100 cents on the dollar for contracts that would have been worth far less had AIG been allowed to fail.

continue reading at the link
http://www.bloomberg.com/apps/news?pid=20601039&sid=aaIuE.W8...

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AIG should have been allowed to fail

From this article: http://www.truthsavvy.com/content/why-us-government-should-h...

No corporation is more guilty of an indefensible business model than AIG; thus, no corporation is less worthy of governmental assistance. Those who champion the bailouts claim that the existing financial architecture will fail without continued intervention. Well, fail it should! It is an evolved architecture subject to exploitation by elites and ought to be replaced by something more worthy to be called honorable capitalism.

If any of you get an

If any of you get an opportunity to speak to the MSM and/or the politicians please ask them the following questions:
If, as our financial leaders have claimed, the world economy was on the brink of collapse therefore requiring massive amounts of tax dollars, why did the US taxpayers have to foot the whole bill and prop up foreign banks/companies/governments? Why did the citizens of foreign countries get a free ride? Did our leaders ask the leaders of foreign countries to do their part and pony-up?

I would love to hear their answers.

Employ Sarbanes-Oxley! Pull

Employ Sarbanes-Oxley! Pull these criminals in by their ears and prosecute them for insider trading violations under the SEC regs, and for accounting fraud under Sarbanes-Oxley! Finally, throw the book at them for conspiring to defraud the United States of America out of the $182 BILLION which was flushed down AIG.

If this isn't the biggest scandal in American history in terms of cash amounts and the number of senate appointees and presidential cabinet members to be indicted, I don't know what is.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

Big Bump!

...

SURPRISE!!!

SURPRISE!!!

Give me control of a nation's money and I care not who makes the laws - Mayer Amschel Rothschild

"...you have to wonder if those folks are crazy after all."

They say that about three times a week now, and then keep right on calling us crazy in the next breath...

Yeah, as a matter of fact, I am crazy. The friggin' media drives me stark raving mad.

Truth exists, and it deserves to be cherished.

Thanks for a bump my friend

first they laugh at us then they call us crazy and next thing we win.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

It's Not A Secret !

The IMF, BIS, World Bank, and Fed, control a monopoly on banking regulations for about 192 central banks around the world, who in turn run banks that have fooled the world's population into thinking I.O.U. notes that constantly lose value over time,are more valuable than real money that history has proven keeps its value over decades.

The real secret is who is benefiting from what many honest people consider a scam and who is being exploited with no recourse?

Answer:
Farmers and producers are being exploited, while bankers, corrupt politicians, and special interest groups are being rewarded !

Ron Paul is my President !

beesting

I can assure you of one thing:

No one is getting my peanut butter.
It is amazing that something like this ends up MSM.
They must have almost got it figured out where they have stolen all they can steal because too many now know what's happened, so someone now needs to get thrown under the bus for it all while the real criminals slip out unnoticed.

~~~~~~~~~~~~~~~~~~~~~~~~~~
I love my country
I am appalled by my government

pointing out objective factual reality

has for a long while had the result of a certain percentage of the population labeling the reality-speaker "a nut".

Well, here we are. Reality breaks through the logjam of misinformation, ignorance and folly and slaps down all those who derided the truth tellers.

Those who front for ill, even to a small degree or unwittingly, hurt the freedom, peace and prosperity of all.

Attention ALL Americans: wake up or a bad nightmare will wake you up! Those are the only two options.

_________________________________

Freedom - Peace - Prosperity

geez I just choked

on my bacon! I don't know if I should be happy or scared. Makes me nervous when mainstream acknowledges stuff like this. I think I like it better when they lie :) This kind of stuff throws me for a curve. Things are getting stranger, that's for sure.

chinkadaro

I am with you on this.

I am with you on this.

I am glad

I did not have coffee in my hand when reading this article LOL

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

My thoughts exactly

My thoughts exactly

Follow me on Twitter for breaking news from a libertarian perspective

www.twitter.com/AbolishTheFed

Bump.

Holy Moly.

Holy Cow!!!

They must be getting REALLY upset! hahahahahaha

Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."

Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs

bump

makes me wonder why they would go ahead and acknowledge this.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

I am perplexed...

something is going on - you see Ron Paul articles on CNN you see Ron all over the MSM something is going on.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

my thought

The thing that is going on is two-fold:

1) The TV programs need ratings. RP raises their ratings.
2) He's not campaigning for POTUS. If he was, we'd hardly see him. It's SAFE to now let him speak.

BUT, he's "prophesying" of the imminent crash of the dollar and then sternly warning of political/society chaos that will result, paving the way for a dictator if the American people are not careful.

He (esp the Austrian economists, not to mention the John Birch Society-educated people) is predicting what will happen.

May God bless us all who know and believe that we will be ready. And may God bless all those who sacrifice for Liberty! Go Medina, Go RP, Go Rand Paul!

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

Well, the motives may not be

Well, the motives may not be good.

But we can make something good out of it.

_____________________________
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

I worry

that the fall of the FED was planned and they will set up a Global Central Bank in it's place -
talked about this possibility with Devon Saunders some months ago.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Not my thought origionally...

I heard about it in the early 80's and am just passing it on.

:)

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

How did they know I stockpile peanut butter?!

Geez, Big Brother knows EVERYTHING!
:)

This is a great, heartening article. Thank you so much for posting it.

happy to spread the good stuff

actually I found this amazing article on Alex Jones website prisonplanet -
so some Thanks also should go to Alex and his crew.

yes - how do they know you stockpile peanut butter?!
LOL

Thank you*))

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

I love it!

"Conspiracy theories gone mainstream!

Fuckin' took 'em long enough!

The label of 'conspiracy theory'

on anything/anyone that questions or considers possibilities outside the mainstream is a conspiracy! ssshhhh...don't tell anyone!

"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd

Thanks for a bump

next thing Bloomberg will interview Alex Jones -
lol

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Bump...

This article, and info should be on every MSM TV station, radio, and newspaper. I think I will write the Bloomberg author of this article, and thank him.

ditto

ditto