WHY wasn't this a headline story?
Rick Santelli basically accused "someone" of trading on insider
info...and buying hundreds of thousands of options in the ten year bond,
just prior to the Fed's public news release.
..."someone" made a fortune on this trade.
He also questions who the counterparties are to AIG -
ie: the real recipients of AIG's taxpayers bailout money,
and questioned just what taxpayers are bailing out?
Sadly, Santelli got "reigned in" after his call out of "Mr.
President" in the rant heard 'round the world. And he can't
come out and say what he wants to...
Which is what I, and many others have been saying all along,
this isn't a bailout of AIG, it's a bailout of AIG's counter-
parties -- Goldman Sachs, Euro Banks, and private hedge funds.
And what we're bailing out is not subprime loans, bad mortgage
paper, or anything germane to stimulating the US economy, bank
lending, or liquidity. We're paying off derivatives bet's made
by insiders - that do NOTHING for the US Taxpayer, except line
the pockets of bankster gangsters a.k.a. - "Friends of Hank" (Paulson).
And this entire brouhaha about paying "millions" in AIG bonuses,
is a diversion from a much bigger story about "BILLIONS of
dollars being handed to Goldman & foreign banks.
Watch Santelli's body language on this video... it speaks
louder than do his words.
cnbc.com
SOTB |
