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Reply #80: He ought to know. [View All]

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westerebus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 10:48 AM
Response to Reply #59
80. He ought to know.
From my prospective I'm becoming more suspicious of the 440 billion Euro Stability Emergency Fund as to just where that chunk of change came from. As it was the FED's bail out of AIG in cooperation with Goldman's Hank Paulson and the 100 cents on the dollar by Mr. Geithner than assured all the major player's were to be made whole, one might ask is this all to coincidental?

We know Goldman came out ahead playing the AIG bailout to offset its counter party's investments in the larger scheme of things. The grand consolidation of the banking investment industry which underlies the sovereign debt crisis as those who made the deals bet against the very institutions they were making the deals for.

What better investment then to use the power of the FED to backstop the entire contingency? Or to put it another way, European banks would have failed sooner had not AIG under the FED-Treasury's take over of that institution not paid off the CDS exposure of the American banks. The FED- Treasury didn't want the names of the receivers of the funds exposed in 2008. The finger prints were all to obvious and the passing of the torch was at hand.

My conjecture is the swap lines and direct bailouts to the Euro center banks via AIG are where those funds are derived. They are already levered to 440 billion euros. Just how did they manage that? The same way the original bailout was done. They used the political class to improve their own self interests. They are after all the same people.

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