United States AIG scandal

This video from the USA is called NY Fed told AIG to Withhold Swap Info from Public.

USA: A financial scandal has erupted that implicates Treasury Secretary Timothy Geithner in efforts to conceal the funneling of $62 billion in taxpayer funds to 16 large banks as part of the government bailout of the insurance giant AIG: here.

The failure of the insurance giant American International Group (AIG) at the height of the financial crisis in September 2008 “would have been catastrophic for the broader economy” and led to “mass panic on a global scale,” according to recent court testimony by Timothy Geithner, President Obama’s first-term Treasury Secretary and former President of the New York Federal Reserve Bank: here.

Six million in the US with no income but food stamps: here.

From Marx’s Capital to Capitalism in the 21st Century: here.

4 thoughts on “United States AIG scandal

  1. Pingback: US fat cats demand cuts to poor people | Dear Kitty. Some blog

  2. Pingback: Worst Americans of 2008 | Dear Kitty. Some blog

  3. Pingback: No money for United States education, more money for fat cats | Dear Kitty. Some blog

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