Cuomo on AIG

"The question is whether the contracts are being wound down properly and efficiently or whether they have become a vehicle for funneling billions in taxpayer dollars to capitalize banks all over the world.” (Cuomo)

...there’s a possibility that AIG is becoming a portal through which the federal government is pouring money to capitalize banks in the U.S. and overseas.

Nobel Prize-winning economist Joseph Stiglitz also has said AIG’s settlement of credit-default swaps following its bailout by the U.S. government looks like “grand larceny.”

www.bloomberg.com/apps/news?pid=20601208&sid=aJQBU2AEMbEU&refer=finance

So goldman Sachs gets $12 billion from the US Taxpayer while former Goldman Sachs CEO Hank Paulson is running the US Treasury. Talk about self dealing!

The fireworks are coming soon...