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alien-IQ

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alien-IQ

Re: THE_YAK post# 112816

Thursday, 02/26/2009 10:40:13 PM

Thursday, February 26, 2009 10:40:13 PM

Post# of 704570
I think they're paying out what nobody is speaking of: Derivative obligations. Remember, these are sorts of complex insurance policies. How else can anyone explain AIG losing 60 billion in 1 quarter? Or the total disappearance of all the money that has already been handed to them? The term "toxic assets" keeps getting tossed around by the media and then a little soft shoe number to create the illusion that these so called "toxic assets" they're speaking of are just unpaid sub-prime mortgages and defaults.

Not even close to the real issue, numbers or problem. It's all spin.

Which brings me back to my original question/point: Who are the recipients of these derivative obligations? Where is the money? Where has the "wealth" been "transferred"?

"During times of universal deceit, telling the truth is revolutionary" George Orwell

"The only thing worth globalizing is dissent." Arundhati Roy

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