Tag Archive

AIG wasn’t too big to fail after all

By Tracy R Twyman

From Fox Business:

EXCLUSIVE: AIG Apparently Was Not ‘Too Big to Fail’

Despite their public comments that a failure of crippled insurance giant American International Group (AIG: 1.34, 0, 0%) could sink global financial markets, U.S. government officials considered in late January and early February allowing AIG to file for bankruptcy, according to documents obtained by FOX… »

The Ballad of the Kleptocrat

By Tracy R Twyman

Boomtown Rats: Looking After #1

The world owes me a living
I’ve waited on this dole queue too long
I’ve been standin’ in the rain for fifteen minutes
That’s a quarter of an hour too long.

I’ll take all they can give me
And then I’m gonna ask for more
Cos the money’s buried deep in the Bank of England
And I want… »

It’s a good thing we’re not just printing money …

By Tracy R Twyman

Take into account that this video was produced in December 2008.

At 3:07, here’s the best part:

“Before shifting from theory to evidence, we should quickly note that government could finance stimulus by printing money rather than borrowing. Thankfully, that option doesn’t seem to be on the table, since nearly all politicians now realize that it would… »

The Government Takeover

By wermyapl

US to put conditions on TARP repayment

Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest, a senior administration official has told the Financial Times.

“Our general objective is going to be… »

Bloomberg: Bailout Process a “scam”; destroying “democracy”; impending “Weimar Republic”

By Tracy R Twyman

Read the entire article, especially towards the end where they talk about how the Fed will have to start issuing it’s own securities so that they can buy out more of the American economy without having to ask for permission from Congress.

Some choice quotes:

“Here’s a sketch of how it works. Many financial institutions have… »

The Tyrannicam: Personal Handheld Anti-Tyranny Device

When tyranny strikes, be ready to record and expose it.

Political Pink Slip Postcards: Fire Your Representatives!