Rick Siegel Prespectives on Freedom and Liberty

AIG, the nationalized insurance giant continues to hand out million dollar bonuses to the same individuals that created the financial frauds that stripped the people of America of their wealth, homes and well being. The government took over AIG last fall and owns over 80 percent of the insurance industry. Working to continue the continuum the government has handed out over 150 million of money it borrowed from China to reward the people who crushed the company it took over.

In a show of Constitutional prowess Chuck Schumer has warned his employees at AIG (AIG is a US government owned entity) that if they actually try to keep the millions handed to them the government will make a special tax to take it right back. It is all just a dog and pony show because the real fraud is that 90 percent of the funds used to buy AIG were given to European bankers to keep their hedges whole.

As previously predicted by Avantrepreneur Magazine some of the major banks getting the 100 billion included Deutsche Bank, Societe Generale, Banco Santander and Barclays. Americans will be forced to cover the loans from China that take the risk out of hedge funds and keep the failed system floating a bit longer in Europe.

Things to remember when reading the news:
AIG is the US Government. The government holds 80 percent of outstanding shares and there are only a few suckers that hold the rest. It only takes 5 percent to control a company and 80 percent is so close to nationalized insurance that one has to have faith in god to believe otherwise.

Resource
Resource