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Forums - General - US Treasury slips and admits taxpayers got screwed by the AIG bailout

NJ5 on 14 August 2009

http://www.zerohedge.com/article/treasury-responds-aig-foia-releases-145-pages-information

As I had suspected all along...

The Treasury has provided a substantial FOIA disclosure packet to the good folks over at Judicial Watch. At this point we are awaiting a similar FOIA response from the Fed, which was requested by Zero Hedge previously and we expect to have it within 1 month.

And while the Treasury was obviously not too crazy about what the final recovery would be for the hundreds of billions of taxpayer dollars invested (see below, the highlighted text was subsequently redacted in the final draft - aside from the truth, what else did the Treasury have to hide?), no cost was too little to make sure that "systematically important" organizations survived and prospered, regardless of cost.

(...)

 



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sguy78 on 14 August 2009

And people want the Feds to take over healthcare.



Squilliam on 14 August 2009

Oh dear! I think Obama isn't going to make it to a second term at this rate. I kind of think hes a better guy than Bush it really just depends on whether there isn't a scenario where people have to choose between the lesser of two evils once again.



Tease.

Kasz216 on 14 August 2009

Well that's the thing. Obama is pro corporation.

The Huffington post (Extremely left wing despite the haughty name) recently discsovered he made deals with the perscription drug industry to fight in ANY ability for Congress to put in price controls or alow people to buy cheaper medicine from Canada.


A good 80%+ of congress is Pro Big buisness at the expense of regular people.



Khuutra on 14 August 2009
Kasz216 said:

Well that's the thing. Obama is pro corporation.

The Huffington post (Extremely left wing despite the haughty name) recently discsovered he made deals with the perscription drug industry to fight in ANY ability for Congress to put in price controls or alow people to buy cheaper medicine from Canada.


A good 80%+ of congress is Pro Big buisness at the expense of regular people.

Man.

That's kind of depressing.

I'm moving to Canada. (in a week)



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Pyramid Head on 14 August 2009
sguy78 said:
And people want the Feds to take over healthcare.

the 'fed' and 'the feds' are two totally different things

the federal reserve is as federal, as federal express

that bailout was more evil than anyone will ever know maybe . . .



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Pyramid Head on 14 August 2009
Khuutra said:
Kasz216 said:

Well that's the thing. Obama is pro corporation.

The Huffington post (Extremely left wing despite the haughty name) recently discsovered he made deals with the perscription drug industry to fight in ANY ability for Congress to put in price controls or alow people to buy cheaper medicine from Canada.


A good 80%+ of congress is Pro Big buisness at the expense of regular people.

Man.

That's kind of depressing.

I'm moving to Canada. (in a week)

im in canada right now

i enjoy it more than being in the us

 

but its not so different, and its goin downhill



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Khuutra on 14 August 2009
Pyramid Head said:
Khuutra said:

Man.

That's kind of depressing.

I'm moving to Canada. (in a week)

im in canada right now

i enjoy it more than being in the us

but its not so different, and its goin downhill

Well, I've lived in Canada for a few years. It's still a pretty nice place.



Pyramid Head on 14 August 2009

totally i just meant in the big business runs the govt sense

as far as the country i love it

i live in toronto and go to calgary a lot, and i love it

i just mean the government seems more evil eveyr day, or im just older now and see thru things etc



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sguy78 on 14 August 2009
Pyramid Head said:
sguy78 said:
And people want the Feds to take over healthcare.

the 'fed' and 'the feds' are two totally different things

the federal reserve is as federal, as federal express

that bailout was more evil than anyone will ever know maybe . . .

You know exactly what I am talking about, so you can stop now.