Banking

US Government Uses Bailout to make 73 New Millionaires in NY

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.

Why Government Bail Out Cannot Work

Another $600 Billion dollars floated into the currency bailouts this week and added to the $700 Billion earlier this fall brings the gross debt of the USA to around $1.5 trillion nearly tripling over the last 4 months. Why are Bush and the banks rapidly deepening the debt as they leave office backing investment banks with inflated fiat currencies?

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