otherwise known as AIG had 70 Trillion dollars worth of coverag for funds and banks all over the world. Little did they realize that when one fund goes it effects many others and AIG didn't have the capital to cover it all. Reminded me of a dot com floating on air sitation with nothing to back it up.
Phil Gramm headed up all the deregulation that Washington allowed. So there's your man if you want to go after someone. Yes, and I do believe that McCain had thoughts of bringing him aboard! You do realize that McCain is clueless!
The government almost had to bail out AIG to cover their own mistakes by allowing deregulation to even occur in the first place. It appears to me that lobbyist are the real leaders of this country and that Washington politics are puppets to their needs because lobbyist feed politicans campaign money.
Bush will speak later this morning on the subject! Obama has just gained five points ahead of McCain. People it should be a land slide for Obama. He is a man with at least a business degree and knows his stuff. We desparately need a man with a spine. I say out with these Republicans why not send them to their beloved Middle East. How about oil and feathering them out of town!
Central Banks in Asia, Europe and the US are pumping money into the system. The British bank is in trouble too. Lords TSB has taken over banks. See their banks used AIG too.
All thanks to Phil Gamm who gave the green light to risky business. Wonder how much money HE made up front on that deal?
Just how much money do these greedy SOB really need anyway? And Power?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment