General Question

SuperMouse's avatar

Have you seen this video about the Federal Reserve and the bailout?

Asked by SuperMouse (30845points) October 25th, 2008

I stumbled upon this short video discussing the recent bail-out package. I found the information very interesting and worthy of further research. What do you think?

When I say “further research” I mean tracking the source and the political leanings of the source and trying to find out how much of the information can be substantiated.

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1 Answer

jvgr's avatar

At least one inaccuracy. The Fed Reserve, at the moment, isn’t simply printing money. The bail-out money is borrowed from other governments, primarily China.

While it is clearly a political advertisement and carries that bias, fiscal mismanagent has clearly been a hallmark of the last 8 years. The question is: how long will be put up with this?

You obviously know that the taxpayer “owns” 108%” of AIG.
And you know that 0n 2 occasions the exectutives took expensive junkets (these are now our employees)

What you probably don’t know is that this company we own continued to lobby congress for funds, after we bought it; ie, AIG was using our money to lobby our congress for more of our money.
By 21 October, AIG agreed to discontinue their Washington lobbying.

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