http://www.slate.com/id/2213942/
Check this out. GS, ML, and a lot of others are getting AIG money as counter party partners.
this is the scam I am talking about.
Spitzer always raises good points. Does it surprise me that the elites pad their own pockets first and foremost? NOpe. This is how they get rich and stay rich.
Was the TARP and bail out monies spent to fill the holes in the ledger? Yes. Those payments to the other companies satisfied the debt left by the investment instruments that went belly up.
What's most deplorable is that we are rewarding people who have gamed the system. They are getting rich while destroying other's financial lives b/c 'they are too big to fail."
This is what anti-trust laws are made for. The SEC and NAIC should come down on each and every recipient of tax dollars like a macc truck. Scrutinize their past behavior which helped make the economic crash possible and assign responsibility accordingly. This could take years but it should be done.
I'm not saying the bail out shouldn't be done, I'm saying I'm not blind to the obvious unjust enrichment of these elitest scoundrels. For the moment, they win.
