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Former AIG Chief: Government Used AIG “To Funnel Money to Other Institutions, Including Foreign Banks”

Posted By admin On April 3, 2009 @ 3:42 am In Money Watch | Comments Disabled

George Washington’s Blog [1]
Friday, April 3, 2009

Even the former chief of AIG, Hank Greenberg, said:

the government used AIG “to funnel money to other institutions, including foreign banks” ….
He also said that the government should “wall off” AIG Financial Products division, which was responsible for backing risky financial transactions that led to the company’s downfall, from the rest of the group.
In other words, even the former head of the disgraced, bailed-out criminal enterprise is saying that the government has misrepresented and gamed the bailout and that Obama’s economic team is doing it all wrong.

Former AIG Chief: Government Used AIG To Funnel Money to Other Institutions, Including Foreign Banks 335x205 graph128c aj [2]


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URLs in this post:

[1] George Washington’s Blog : http://www.washingtonsblog.com/2009/04/fomrer-aig-chief-government-used-aig-to.html

[2] Image: http://www.efoodsdirect.com/products.html

[3] Top German Bankers See Plot To Funnel Bailout Money To French Banks: http://www.prisonplanet.com/top-german-bankers-see-plot-to-funnel-bailout-money-to-french-banks.html

[4] U.N. crime chief says drug money flowed into banks: http://www.prisonplanet.com/un-crime-chief-says-drug-money-flowed-into-banks.html

[5] The Government Has Given Banks YOUR MONEY, and You Won’t Get Anything For It: http://www.prisonplanet.com/the-government-has-given-banks-your-money-and-you-wont-get-anything-for-it.html

[6] Exclusive: The Fed’s $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went: http://www.prisonplanet.com/exclusive-the-feds-600-billion-stealth-bailout-of-foreign-banks-continues-at-the-expense-of-the-domestic-economy-or-explaining-where-all-the-qe2-money-went.html

[7] Trillions In Secret Fed Bailouts For Global Corporations And Foreign Banks: http://www.prisonplanet.com/trillions-in-secret-fed-bailouts-for-global-corporations-and-foreign-banks-%e2%80%93-has-the-federal-reserve-become-a-completely-unaccountable-global-bailout-machine.html

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