Simply Politics & News

[makesumgravy]

I ran across this article from a year ago. I'm sure we all recall the one big party at that high end resort thrown by AIG shortly after it was approved for this bailout. One of the biggest in US history........I guess since the history of the world?. Whether its the fraud GS committed, or the $23B that was given them from tarp, only $10B had to be repaid. I know half of this was to be repaid thru GS selling stock.......morons undoubtedly bought it.
"What a racket!", this only illustrates the problems that exist with stock offerings, and the legal corruption. These companies are allowed to use them like an ATM, its the next best thing for owning printing presses to produce money. Whatever money GS paid for fines is still only a fraction of what they've paid out in bonuses, an comp...........Remember the statement made by GS Ceo?, "We are doing Gods work!".......in reality its an evil institution, and this statement was nothing more than mockery.


http://www.straitstimes.com/Breaking+News/Money/Story/STIStory_353212.html