Hillbilly Report

Is AIG Blackmailing America? Opinion

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Opinion

Before going any further please check this link: The Black Hole: AIG
Ok AIG gets another $30 billion and I guess we can expect them to have another party for their executives or perhaps a round of golf. The latest $30 billion raises the total hand out to these welfare executives in suits and ties to $180 billion. With about 113 million households in the United States AIG's $180 billion gift is costing each household almost $1,600. That sounds like a holdup to me or could it be that AIG is blackmailing the United states of America by saying we're too big to fail and if you don't give us more money we're going to drag you down to the stone ages. Hell that sounds like terrorism to me. So how did we get to this point where Wall street and insurance companies have screwed us out our 401k savings and are holding the United states of America for ransom? It might surprise you to know that the Bush administration was aware of what was going on as far back as 2002.

seattlepi.com
"It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes," said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002.
The problem, according to the two FBI retirees and several other current and former bureau colleagues, is that the bureau was stretched so thin that no one noticed when those lenders began packaging bad mortgages into bad securities.
"We knew that the mortgage-brokerage industry was corrupt," the first of the retired FBI officials told the Seattle P-I. "Where we would have gotten a sense of what was really going on was the point where the mortgage was sold knowing that it was a piece of dung and it would be turned into a security. But the agents with the expertise had been diverted to counterterrorism."
Both retired FBI officials asserted that the Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control with devastating financial consequences, but made the decision not to give back to the FBI the agents it needed to address the problem. After the terrorist attacks of 2001, about 2,400 agents were reassigned to counter terrorism duties.

More after the hump.

Justice?

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In the aftermath of Katrina A judge handed down the maximum sentence allowed by law to three folks for looting a grocery store. Coralnelle Little, 36, Rhonda McGowen, 42, and Paul C. Pearson, 36, received 15-year sentences from Judge Hans Liljeberg of the 24th Judicial District Court, said he wanted to send a message to looters that the crime would not be tolerated. A jury convicted the three for attempting to leave the store with 27 bottles of liquor and wine, six cases of beer and a case of wine coolers, six days after Katrina made landfall.
Another case of Justice for regular folks, but how do we administer justice for the rich, famous and folks with political pull?

• Bernie Madoff accused of ripping off folks of billions is at home living the high life.
• The The Bush Administration will get away with war crimes.
• Wall Street executives will punish themselves with a big salaries.
• Justice Department official Bradley Schlozman made false statements  to Senate Judiciary Committee, perjury, on June 5, 2007 will never go to jail.
• Alberto Gonzales will get away with lying under oath.
• Blackwater will get away with the killing of Iraq civilians.
• Scooter Libby didn't go to jail and may receive a pardon.

Hell, I could go on forever. Get the picture?

Madoff "We didn't have much success with the people from MIT."

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Madoff Quotes:

• "In today's regulatory environment It's virtually impossible to violate rules." 

• "It's impossible for a violation to go undetected." 

• "We didn't have much success with the people from MIT." They spent too much time thinking."

• "We determined that the best thing for us to do was basically to take the human being out of the equation."

• "When you take the human being out of the equation you solve your regulatory problems."

• "I guess you could also program the computer to violate the regulations, but we haven't gotten there yet."