Forum Post: A Reason to Protest... to March. (AIG)

The government bailout of AIG was structured as follows:

1) $70 Billion Government issued $$$ to AIG ($40 Billion was 'new preferred AIG stock' the Government purchased; and $30 billion was TARP line of credit).

2) $92 billion lent to AIG by the Federal Reserve (which the Public is now indebted to).

Here is where the AIG bailout money went:

1) Retire and liquidate the AIG Derivatives program: $27 Billion

2) Retire and liquidate the AIG Securities Lending program: $44 Billion

3) Diverted $$$ to the states of California and Virginia: $12 Billion

4) Diverted $$$ to Goldman Sachs: $13 Billion

5) Diverted $$$ to the French SOCGEN Central Bank: $12 Billion

6) Diverted $$$ to the DEUTSCHE Central Bank: $12 Billion

That leaves about $30 Billion that AIG divided up and doled out to its senior executives in the form of Annual Bonuses and Company Paid vacation packages. It was publicly stated, "Our senior executive team has performed above and beyond to ensure the long-term viability of AIG and the U.S. Economy."

And this is just ONE example...

Do you understand NOW... when I tell you that our Government is nothing more than a Money Laundering scheme worse than the Mafia who once reigned over the streets of Chicago?