Tornado Alley (PROG)

[GEO928]

ooooh, please....they bailed out the "banks"....if they let the banks go, do you really believe they would let depositors go down the drain....

besides, the "crisis" wasn't caused by a bank failure...

Sox...listen up....you have a condescending tone....but, you're not nearly as savvy as you think....

there was no "catastrophe"....

the catastrope was some sub-prime mortgages failed......these were bundled to secure the bonds (derivatives) sold to the "pigs" overseas trying to make US bucks....

when the mortgages failed, that made the "backing" worthless....so, there was a collateral call and institutions (not "banks") like AIG (because they are the insurers) didn't have the cash to cover the collateral calls because of the over extension of their multiples....

no insurance money would mean that pigs like Deutsche Bank, UBS, and Societe Generale would get screwed out of billions....

after the bailout....that money was laundered back to them thru the AIG network....

so, the public was told the gov was bailing out AIG...when in fact billions went overseas.....

Pleeeeeze!!!!!!!!!!