Tag Archives: Credit Default Swaps

Alex Jones Tv {Sunday Edition} 2/8: Geithner’s Backdoor Deal with AIG & Mobile ***** Street Scanners

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Alex goes into the top tales of the past week including a tale about mobile ***** body scanners for the streets of america and also brain scanners coming to airports in the future.Yes, it’s 1984 with a Buck Rodgers twist here in the 21st century Control Grid. prisonplanet.tv Geithners Fed told AIG to hide backdoor bailout Homeland Stupidity January 10, 2010 The Federal Set aside Bank of New York, during its $180 billion bailout of American International Group, Inc., instructed AIG to omit details of its buy of certain toxic assets from a December 24, 2008, Securities and Exchange Commission filing, according to e-mails between the company and the Fed released Thursday. Protesters yell at people looking out the windows of an AIG office building during a rally against government bailouts for corporations in April, 2009. Using bailout money provided by the Fed, AIG paid a number of banks 100 percent of the face value of credit-default swaps, contracts tied to subprime home loans, at a time when other institutions were negotiating deep discounts for the paper. The names of the banks were also omitted from the SEC filing. The information was irrevocably told in March 2009 after the SEC challenged AIGs filing, prompting lawmakers and analysts to call the transactions a backdoor bailout of the banks. Topping the list of banks which benefited from the backdoor bailout of their toxic paper were Goldman Sachs and Societe Generale SA. The e-mails, released Thursday by Rep …

The Alex Jones Show 2/4: Hour 1-the Fall of Tim Geithner & World Officials Investigate Climategate

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Send Geithner to Prison for Lying to the American People Kurt Nimmo Infowars.com January 27, 2010 Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithners leadership withheld documents and delayed disclosures on AIGs swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Russia Today report on Geithnergate. The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The valve chose that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the swaps, prompting lawmakers to call the AIG rescue a backdoor bailout of financial firms, Bloomberg reported on January 7. Using Fed secured taxpayer bailout money, AIG paid numerous banks 100 percent of the face value of credit-default swaps, as other financial institutions were negotiating deep discounts for the unregulated paper assets that do not have to be backed by cash. It appears that the New York Fed with intent pressured AIG to restrict and delay the disclosure of vital information, said Issa at the time. Taxpayers deserve full and complete disclosure under our nations …