Tag Archives: aig

Class war, IMF gold and the taxpayers/AIG rights forfeited

Posted on June 30, 2010 by stacyherbert| 27 Comments

Stacy Summary: All the headlines are adding up to seismic changes coming for sure. And the outright immunity the elite feel they have in the U.S. is astounding. It seems their feeling is accurate, for they clearly see that they have the perfect ponzi as the victims of their perpetual fraud are the most ardent supporters of the schemes to defraud. What do y’all think about the rapid build up of gold reserves in Russia, China and Saudi Arabia over the past year?

Class war and the decline of the West (Jesse’s Cafe Americain)
AIG was forced to forfeit its rights to sue Goldman & other banks
IMF’s gold assets shrank in April, while Russia’s rose
Russia bought 22 tons of gold in May (ZeroHedge)

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Tagged aig, class war, imf gold, ponzi, russia gold

Handcuffs for Timmy? If So, Can A Presidential Pardon Be Far Behind?

Posted on April 28, 2010 by stacyherbert| 38 Comments

Stacy Summary: The blogosphere is abuzz with hope that Barofsky intends to perp walk Timmy out of the Treasury building. No doubt, as with all banana republics, a presidential pardon would prevent any justice from actually being served.

Barofsky Likely to Seek Criminal or Civil Charges Against New York Fed (Zerohedge)

TARP Watchdog Says Criminal Charges May Be on the Table for NY Fed for AIG Coverup (Business Insider)

Geithner May Be CRIMINALLY Charged? (Karl Denninger)

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Tagged aig, barofsky, charges, civil, criminal, ny fed, tim geithner

Geithner Jibber Jabber

Posted on March 3, 2010 by stacyherbert| 45 Comments

Stacy Summary: AIG-Geithner. A fictitious trust? Shariah law? Consititutional law? Lots of stuff here.

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Posted in Jibber Jabber

Tagged aig, geither, Jibber Jabber

AIG’s $150 billion “capital relief” bombshell – CDSs Written to European Institutions to get around capital requirements

Posted on February 28, 2010 by stacyherbert| 71 Comments

Stacy Summary: Looks like a whole lot more financial chaos to come to Europe very soon.

Bombshell in AIG’s 10Q: “Capital Relief”

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Tagged aig, cds, european banks

Secret AIG documents show Goldman minted most toxic CDOs

Posted on February 23, 2010 by stacyherbert| 7 Comments

Stacy Summary: If you read through the entire article, it it quite clear how Goldman is so profitable. They are selling faulty products knowingly and can bet against the insider knowledge. Or, in the case of Greece, they can sell a product that gives them the insider advantage of knowing exclusively of the billions of debts hidden and waiting to explode into public one day. Many claim this is ‘free market’ capitalism, but, if so, then we should allow some increased competition through say the formation of say the Gambino Bank Holding Company.

Secret AIG documents show that Goldman minted most toxic CDOs

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Tagged aig, goldman

Secret Banking Cabal Emerges from AIG Shadows

Posted on January 29, 2010 by stacyherbert| 48 Comments

Stacy Summary: It wasn’t really all that secret.

Secret Banking Cabal Emerges from AIG Shadows

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Tagged aig, secret banking cabal

‘National Security’ Jibber Jabber

Posted on January 25, 2010 by stacyherbert| 140 Comments

Stacy Summary: All the laws passed during the national pandemic of fear are being used to protect the select few and to abuse the many. SEC was asked to treat AIG / NY Fed as matter of national security.

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Tagged aig, sec

Goldman’s body count is criminal

Posted on December 23, 2009 by stacyherbert| 30 Comments

Stacy Summary: As we have said in our radio shows, Goldman basically took out an insurance policy on the US economy and her consumer/citizens and then had every incentive to burn the whole thing down to collect on the insurance money.

Body count from Goldman actions crosses into criminal territory

In addition, the Federal Reserve and the Treasury, by helping Goldman Sachs to profit from homeowner and investor losses, conceal their misrepresentations to shareholders, destroy insurers by stuffing them with toxic bonds that they marketed as AAA, and escape from the consequences of making a risky bet, committed a grave injustice and, very likely, financial crimes. Since the bailout, they have actively concealed their actions and mislead the public. Goldman, the Fed and the Treasury should be investigated for fraud, securities law violations and misappropriation of taxpayer funds. Based on what I have laid out here, I am confident that they will find ample evidence.

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Tagged aig, cdo, fed, goldman sachs, treasury

An Unexpected Plunge, A Starring Role and ‘Charitable’ Bankers

Posted on November 18, 2009 by stacyherbert| 42 Comments

Stacy Summary: Witness the casino model in the Goldman Sachs / Buffett ‘charitable’ donation . . . you plough $23 trillion into the house slot machine and out comes $500 million in ‘free ‘drinks.

U.S. housing starts unexpectedly plunge in October

Goldman Sachs bankrupted AIG, played starring role in near collapse of global markets

Goldman Sachs & Warren Buffett to donate $500 million

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Tagged aig, charity, goldman sachs, housing starts

Tavakoli: Goldman’s Undisclosed Role in AIG’s Distress

Posted on November 11, 2009 by stacyherbert| 22 Comments

Stacy Summary: And, of course, Goldman’s undisclosed role will not be examined by Congress or one of the commissions designed to investigate how this ‘mysterious’ financial collapse happened.

Goldman’s Undisclosed Role in AIG’s Distress [PDF]

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Tagged aig, goldman, tavakoli

Goldman News: Reasonable Doubt, Taking Away Homes & Gaining on CIT

Posted on November 2, 2009 by stacyherbert| 124 Comments

Stacy Summary: More forensic examination of Goldman Sachs’ role during the days that its former Chief Executive, Hank Paulson, was bailing out the financial players. And for these neo-feudal times, here is the Daily Gulag from @adamc

Goldman Sachs: Reasonable Doubt (Janet Tavakoli)

Sophisticated counterparties like AIG are supposed to protect themselves, and have little chance for recovering damages. But now the American taxpayer has stepped in to make payments for AIG. U.S. taxpayers have a right to recover money paid out for derivatives on deals that include phony collateral.

Goldman takes on new role: taking away people’s homes

CIT bankruptcy: US taxpayers lose billions, Goldman gains a billion

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Tagged aig, cds, goldman sachs, hank paulson, lloyd blankfein

Timmy & Ben’s 100% AIG payouts

Posted on October 27, 2009 by stacyherbert| 99 Comments

Stacy Summary: Are you surprised? Negotiating privately with the banks?

Fed authorized 100% AIG payouts on CDS

Beginning late in the week of Nov. 3, the New York Fed, led by President Timothy Geithner, took over negotiations with the banks from AIG, together with the Treasury Department and Chairman Ben S. Bernanke’s Federal Reserve. Geithner’s team circulated a draft term sheet outlining how the New York Fed wanted to deal with the swaps — insurance-like contracts that backed soured collateralized-debt obligations….

Part of a sentence in the document was crossed out. It contained a blank space that was intended to show the amount of the haircut the banks would take, according to people who saw the term sheet. After less than a week of private negotiations with the banks, the New York Fed instructed AIG to pay them par, or 100 cents on the dollar. The content of its deliberations has never been made public.

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Tagged aig, bernanke, cds, geithner

Calpers investment in forcing middle class out of Manhattan housing fails

Posted on September 10, 2009 by stacyherbert| 229 Comments

Stacy Summary: Calpers not only operated as the Last Ponzi for their clients, they also engaged in loads of socially irresponsible lending . . . despite their frequent statements otherwise.

Christian religious fanatic gets in on the hi-jacking game

Ex-AIG adviser who practiced voodoo on victims gets 12 years for fraud

Pirate Bay bidder kicked off Swedish stock exchange

The ‘Internet Manifesto’

Children in Britain living like in ‘times of Dickens’

UK schools hiring bouncers as cheap teachers

‘Socially responsible investor’ (sic) Calpers investment in Peter Cooper Village fails as forcing middle class Manhattan residents out of apartments proves impossible

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Tagged aig, calpers, dickens, internet manifesto, pirate bay

A ‘highly speculative’ Treasury and racketeering bankers

Posted on August 28, 2009 by stacyherbert| 22 Comments

Stacy Summary: They say we get the politicans we deserve; do we also get the banking system we deserve? The second link to Tyler Durden’s piece picks up on Max’s theme that the banks with the collusion of the Fed & Treasury have been running a racket and should be charged under RICO.

Treasury document called $40 billion AIG investment ‘highly speculative’

Racketeering 101: Bailed out banks threaten systemic collapse if Fed discloses information

In a nutshell – the banks want their complete opacity cake and eat it too, or else, the racket goes, the transparency that will somehow promote massive rumor mongering will again destroy capitalism. In the meantime, the Ken Lewises of the world can continue touting how stable their businesses are based on optimistic future projections, while implicitly, they continue to survive merely thanks to the cash granted them by you, taxpayers.

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Tagged aig, disclosure, fed, racketeering, treasury