Simply Politics & News

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California was having to write IOU's instead of refunds for State checks, and in need of $30b..........Again!......can't imagine why??????????, but the fed found plenty for Aig and the banks, etc, etc.

http://www.walletpop.com/blog/2009/03/03/aig-please-take-more-of-our-money/

http://finance.yahoo.com/news/Geithner-draws-fire-defending-apf-1859243404.html?x=0&sec=topStories&pos=1&asset=&ccode=

http://search.yahoo.com/search?p=what+could+aig%27s+%24180+billion+bailout+bought&fr=ush1-finance&ygmasrchbtn=Web+Search&pvid=yniUQ0geui8JK5y1Sz1HvAwlQRr9xktg2KwAA3rS

SEC "tightens rules" on Money Market Funds
http://finance.yahoo.com/news/SEC-tightens-rules-for-money-apf-3196228662.html?x=0&sec=topStories&pos=9&asset=&ccode=

Obama tries to salvage health care bill
http://finance.yahoo.com/news/Obama-tries-to-salvage-health-apf-3778679204.html?x=0&.v=4

Like it or hate it,,,,,,,,,the idea behind it all was to have a public option,,,,,,,,,,insurance companies won having spent approx $400 million to get their point accross. Their points came thru the many mouths of the elected whores that serve them...........like it or hate the idea of a national health care bill Insurance companies run those Belt Way Boys in a big big way..............AIG says it all!

Just what could $180 billion dollars buy?..........think of it 1/5 of a trillion dollars was given them from taxpayers money who they will pursue whole heartedly to our graves if the IRS whose head is the Treasury Secretary believe we owe them $500.00 or less..........and compounds the interest with fines if its left unpaid, they will even come to get our beds.

$16+ billion will buy 3 Nuclear powered Air-Craft Carriers which carries 5000 of our acitve military personnel.
$180 billion will buy 34. Or
36 Stealth bombers. Just to put this in perspective.

Just think what it would have done for our countries infrastructure...........not mention a zillion other things.

AIG at the onset was in need of alot more than $180b to cover their bets...........last I remember it totalled $460b .

A company that was only worth $1b...........let us not forget their extravagant parties following the governments first down payment to cover their gambling debts.........A company who was by all measures guilty of fraud, and the CDS insurance they were selling is not even real insurance policies its a bookie covering the gamblers debts in a back alley market.
..the morons in charge of this government has now "given" them $179 billion more than the company was worth, instead of doing this these bums should have been handcuffed and walked into a prison door for having committed fraud, and embezzlement. $180 billion pads alot of pockets doesn't it??????????????