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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ChanceIs who wrote (190862)3/16/2009 12:07:40 AM
From: geode00Read Replies (2) of 306849
 
I understand why AIG doesn't want the public to know how badly they have managed their money and how badly they are using ours but why in the world is Treasury refusing to fess up? We know a chunk of our tax money (ok, borrowed money) is going to shore up banks in Europe and elsewhere...so fess up.

The really cynical interpretation is that Treasury and the Fed and everyone else can't fess up because no one really knows what is going on. I think the really really cynical interpretation is that Treasury and the Fed and everyone else involved in all parties will get cushy jobs in industry in the future. They should, they've saved their sorry rears and sold out the American public in the process.

I haven't heard anyone say that we should get our money back from the AIG fiasco. The best anyone seems to think is that we won't lose too many billions.

I wonder if anyone can apply RICO to the ratings agencies and the banks. This entire thing was a massive scam.
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