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This could be why AIG got a FED bailout when Lehman Brothers didnít. [View All]

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Just-plain-Kathy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 01:01 PM
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This could be why AIG got a FED bailout when Lehman Brothers didnít.
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I found this article from 2002 that may explain why AIG received a federal bailout when Lehman Brothers didn't. ...In short AIG is connected to George HW Bush's infamous investment firm, the Carlyle Group.

**I added whatís typed in italics.

Crony Capitalism Goes Global
by Tim Shorrock
The Nation
April 1, 2002



SnipÖ

The Carlyle Group is owned by forty-nine managing partners, who hold

94.5 percent of Carlyle's private stock. (They include Baker and Major,

whose Carlyle holdings are worth at least $200 million if the stock is equally

divided. (George HW Bush was the Carlyle Groupís Senior Adviser up until

Oct 2003)
The remaining 5.5 percent is held by the California Public

Employees Retirement System .

The investors in Carlyle's various funds include US investment

banks Goldman Sachs (received a $3b bailout, Aug 2007) and

Salomon Smith Barney (Citibank and Salomon Smith Barney are divisions of

Citigroup, they received a $41b bailout Nov 2007)
; investment

authorities in Abu Dhabi, Kuwait and Brunei; giant insurers like American

International Group (received a $85b bailout)
and the labor-oriented

Union Labor Life; public pension funds in Ohio, Florida, Michigan and New York;

and the corporate pension funds of American Airlines (included in a $15b

bailout following 9-11)
, Boeing, BP Amoco, GM (looking for a

bailout)
and the World Bank.(THE WORLD BANK invests in the Carlyle Group!!)


http://www.globalpolicy.org/socecon/tncs/2002/cronycap....


Ö




In Short, Bush is funneling our tax dollars to crony corporations.



Conspiracy theorists are pooh-poohed around here; sometimes threads talking about conspiracies are locked or deleted. I hope this doesnít get taken down.
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  -This could be why AIG got a FED bailout when Lehman Brothers didnít. Just-plain-Kathy  Sep-17-08 01:01 PM   #0 
  - congratulations..........  PDJane   Sep-17-08 01:03 PM   #1 
  - I think its pretty straight-up: AIG is a lot bigger than Lehman. They're doing triage.  phantom power   Sep-17-08 01:03 PM   #2 
  - Don't worry, I'm sure this is all nothing but an ongoing "normal correction".  greyhound1966   Sep-17-08 03:09 PM   #23 
  - What are the odds that our strack American M$M conglomerate will report this fact in ...  ShortnFiery   Sep-17-08 01:04 PM   #3 
  - the pretty lil' Biz Chicks and Dudes have nothing but generalities and laughter this morning  Supersedeas   Sep-18-08 09:01 AM   #54 
  - Kinda makes that Silverado S&L thing...  dchill   Sep-17-08 01:04 PM   #4 
  - That was just a practice run. nt  NCevilDUer   Sep-17-08 01:54 PM   #16 
  - Yup...  Hell Hath No Fury   Sep-17-08 01:04 PM   #5 
  - While FAR TOO MANY WITHIN the democratic leadership avert their eyes.  ShortnFiery   Sep-17-08 01:07 PM   # 
     - I'm afraid some of our dems may be profiting from Bush's policies. n/t  Just-plain-Kathy   Sep-17-08 01:33 PM   #13 
  - AIG has long been associated with some unsavory interests.  TexasObserver   Sep-17-08 01:07 PM   #6 
  - There's a reason why conspiracy theories get endungeoned.  billyoc   Sep-17-08 01:09 PM   #7 
  - Please help me understand this.  Just-plain-Kathy   Sep-17-08 01:47 PM   #14 
  - This is a routine transaction. Here's how it works  HamdenRice   Sep-18-08 09:51 AM   #57 
     - Wow, thank you for taking the time to explain this to me.  Just-plain-Kathy   Sep-20-08 10:12 PM   #66 
  - Do you have a link for this? Thx.  Karenina   Sep-17-08 06:40 PM   #30 
  - Oh, bad form on my part, I always try to ad the link.  billyoc   Sep-17-08 06:44 PM   #31 
  - FUCK! (sorry) That is why the MONGERS want in government! They can STEAL all resources,...  sicksicksick_N_tired   Sep-17-08 07:50 PM   #35 
  - Corporate welfare is obvious, regardless of Lehman's proximity to Carlyle  NoSheep   Sep-18-08 09:29 AM   #55 
  - Damn straight. Here's more related to that.  robertpaulsen   Sep-17-08 01:13 PM   #8 
  - Asian investors in US securities used AIG to "insure" their investments.  lapfog_1   Sep-17-08 01:17 PM   #9 
  - Ok lets add up the GOP welfare roll.  Sentinel Chicken   Sep-17-08 01:18 PM   #10 
  - i think the more likely reason is that fuld was on notice for 6 months to sell or else  unblock   Sep-17-08 01:21 PM   #11 
  - Great find! But I'm not surprised at all.  TheGoldenRule   Sep-17-08 01:23 PM   #12 
  - Can someone get this story to Olberman..J Stewart..Colbert..YouTube??  Blaze Diem   Sep-17-08 01:53 PM   #15 
  - Yeah, loot our treasury and start a war! ..n/t  Just-plain-Kathy   Sep-17-08 02:29 PM   #18 
  - A top insurance company (AIG) as the new Enron? (CSM 4/1/2005)  DemoTex   Sep-17-08 01:59 PM   #17 
  - K & R for this reply too!  Nihil   Sep-18-08 07:29 AM   #49 
  - And Bloomberg just said that the new AIG chairman will make millions  dixiegrrrrl   Sep-17-08 02:37 PM   #19 
  - I wonder who the new chairman is related to, Bush or Cheney? n/t  Just-plain-Kathy   Sep-17-08 08:55 PM   #36 
  - OMFG, just when you think that you have a handle on what the problem is  eshfemme   Sep-17-08 02:45 PM   #20 
  - My thoughts on those who pooh-pooh the idea that our lives are...  fla nocount   Sep-17-08 02:52 PM   #21 
  - I don't think I'm wrong. ..n/t  Just-plain-Kathy   Sep-17-08 02:57 PM   #22 
  - Nor do I. n/t  fla nocount   Sep-17-08 04:57 PM   #26 
  - It's not often that I get 3 belly laughs out of one post. Well said & thanks!  greyhound1966   Sep-17-08 03:13 PM   #24 
     - I was trying for 4 belly laughs, which one didn't work?  fla nocount   Sep-17-08 04:43 PM   #25 
  - K&R  Solly Mack   Sep-17-08 05:00 PM   #27 
  - If this doesn't put B*'s Carlyle Group on Main stream media, nothing will.  jazzjunkysue   Sep-17-08 05:22 PM   #28 
  - AIG is deeply tied to CHINA. See this thread by leveymg.  seafan   Sep-17-08 05:56 PM   #29 
  - AIG got bailed out because if it didn't our economy would have been destroyed today.  Finnfan   Sep-17-08 06:47 PM   #32 
  - Today's move may have bought a few months for people involved with AIG,  Just-plain-Kathy   Sep-17-08 09:00 PM   #37 
  - Please keep kicked for more research  sixmile   Sep-17-08 06:52 PM   #33 
  - Maurice Greenberg, BFEE - China's Man in America  Octafish   Sep-17-08 07:48 PM   #34 
  - You know what just hit me? Rupert Murdoch owns the Dow Jones.  Just-plain-Kathy   Sep-17-08 09:23 PM   #38 
  - Great movie, yours! Control a distracted world's money supply...  Octafish   Sep-17-08 10:37 PM   #40 
     - I can't believe this happening to America.  Just-plain-Kathy   Sep-17-08 11:38 PM   #43 
  - Gives "dig a hole to China" a whole new meaning, eh?  Karenina   Sep-18-08 06:37 AM   #48 
  - I was wondering when someone would post the connection  bluesmail   Sep-17-08 10:27 PM   #39 
  - Excellent research  kaygore   Sep-17-08 11:03 PM   #41 
  - Thank you. Whenever something seems fishy pertaining to our government,  Just-plain-Kathy   Sep-17-08 11:34 PM   #42 
     - The "with 'the Carlyle Group'" part is inspired...yet so obvious!  kaygore   Sep-18-08 03:31 PM   #62 
  - COrporate welfare is fine..but helping the people who are sick, poor or hungry..NO WAY!!  BrklynLiberal   Sep-18-08 12:42 AM   #44 
  - Analysis: Some see Spitzer role in AIG's crisis  Dover   Sep-18-08 03:46 AM   #45 
  - Maybe Spitzer's call girl outing was payback. ...n/t  Just-plain-Kathy   Sep-18-08 05:16 AM   #46 
  - Nope. The shareholders were virtually wiped out. This was to save counterparties  HamdenRice   Sep-18-08 06:10 AM   #47 
  - Yes, the share holders were wiped out, but Carlyle's investors were saved. ..n/t  Just-plain-Kathy   Sep-18-08 07:31 AM   #50 
     - Any evidence of that? Because the OP says the Carlyle Group had "equity"  HamdenRice   Sep-18-08 08:49 AM   #52 
        - My OP has a list of Carlyle's investors, the whole point of the piece is to show...  Just-plain-Kathy   Sep-18-08 12:33 PM   #59 
           - Your OP shows no such thing. You've got your share ownership backwards  HamdenRice   Sep-18-08 02:27 PM   #60 
              - I'm afraid you don't make any sense.  Just-plain-Kathy   Sep-18-08 04:17 PM   #63 
                 - The health of a stockholder has no effect on the company he owns  HamdenRice   Sep-19-08 06:01 AM   #64 
  - Does the name Peter Buttenwieser ring a bell to you guys?  Efilroft Sul   Sep-18-08 07:33 AM   #51 
  - Thank you, very interesting  nolabels   Sep-18-08 09:30 AM   #56 
  - connecting the dots.  barbtries   Sep-18-08 08:51 AM   #53 
  - Here's some context - Carlyle, Citi and AIG are controlled by the Saudis, UAE or PRC  leveymg   Sep-18-08 10:57 AM   #58 
  - you are wrong  paulk   Sep-18-08 02:39 PM   #61 
     - You would have to admit that it seems fishy that Carlyle related firms,  Just-plain-Kathy   Sep-19-08 04:29 PM   #65 
 

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