Obama Orders Treasury Chief to Try to Block A.I.G. Bonuses

March 17th, 2009

Such concern for the taxpayers…

I’d bet that the choreographers of this scam assume that the average person doesn’t know the difference between million and billion. That’s the first bet.

The second bet I’d make is that this entire spectacle has been concocted to shift the focus away from where the really big money is going. (Hint: Goldman Sachs.)

So, while the drama is happening over $165 million in bonuses, another roughly $30 billion goes down the gugrler.

The strategy that the Obama regime is using, over and over again, is called a confidence trick:

A confidence trick or confidence game (also known as a bunko, con, flim flam, gaffle, grift, hustle, scam, scheme, or swindle) is an attempt to defraud a person or group by gaining their confidence.

See! We’re going after the bonuses! We’re going to, “Make the American taxpayers whole.”

Holy shit, what a racket.

People thought they were dialing 911 near the end of the Bush years. Save us. Save us.

Under the Obama regime, the cops roll up and rob you in your living room.

This is called Change.

Via: New York Times:

President Obama on Monday vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda.

“In the last six months, A.I.G. has received substantial sums from the U.S. Treasury,” Mr. Obama said. He added that he had asked Treasury Secretary Timothy F. Geithner “to use that leverage and pursue every single legal avenue to block these bonuses and make the American taxpayers whole.”

Later in the day, a White House official disclosed that the administration would use a pending $30 billion installment for A.I.G. to recoup the $165 million in retention payments to A.I.G. employees in the business unit that brought the company to the brink of collapse last year.

“Treasury will be using this facility to address the excessive retention payments made to the A.I.G. Financial Products employees, which Treasury found to be completely unacceptable given that A.I.G. is already surviving on taxpayer funds,” said the official, who spoke on the condition of anonymity. “Treasury will be adding provisions to its new facility aimed at making taxpayers whole for the amounts of the offensive payments.”

10 Responses to “Obama Orders Treasury Chief to Try to Block A.I.G. Bonuses”

  1. remrof says:

    Well said. Bankers make great patsies.

    This is an ideal opportunity for Obama not only to promote confidence, but support the idea of the technocrat: the able, well intentioned bureaucrat who makes the trains run on time, enacts justice and saves whole economies through a massive, centralized, effective and indispensable institutional apparatus.

  2. mangrove says:

    Yep, Obama is a con man. And you know what’s most disheartening of all? It’s working. My best friend, the one who clued me into the government’s 9/11 lie, has bought the Obama rhetoric and doesn’t want to hear the truth anymore. Once Obama became president, all his fears of another false-flag attack and martial law dissipated. All I can think is that he reached his limit on the “bad news” and reverted back to the safety of denial, for psychological self-preservation. I didn’t think it was possible to return to blue-pill thinking after having been awakened to reality. I have been proven wrong. And, honestly, I sense that this has happened to many Americans, especially on the left. Mass hypnosis.

    All in all, a brilliant coup, brought to you by the ruling elites. Once again.

    I envy you Kevin. I so wanted to leave the U.S., but I have obligations here to family and will just have to ride out whatever hell they’re planning for us all.

  3. Kevin says:

    I don’t think it’s going to be easy anywhere. New Zealand is like a midget strapped to the U.S.S. Death Star. NZ doesn’t have a whole lot of say in the matter. It’s just happy that Darth Vader doesn’t push it out the air lock.

    Look at the Prime Minister, John Key:

    http://www.stuff.co.nz/sunday-star-times/news/249633

    The wolf is guarding the hen house.

    Things could have gone in a much, much more positive direction here, but it just didn’t happen. It’s because of the debt. NZ is compromised because of it.

    Don’t get me wrong: Would I want to be anywhere else? No.

    Do I want to return to the U.S.? No. In fact, I wouldn’t even go back for a visit.

    Is there going to be trouble in NZ: Oh yeah.

  4. tm says:

    That article on John Key notes that he worked in “the brutally Darwinian business of banking”. Come on now, is banking really that cutthroat? If it is, then how come they are always getting Central Bank bailouts and massive golden parachutes?

  5. il says:

    Reminds me of one of Ran’s posts from 2005:

    ‘November 5. A few days ago Matt Savinar made a speculation (dead link unrecoverable) that continues to haunt me. The idea is, despite the many similarities between the Neocons and the Nazis (utopian thinking, preemptive war, “homeland security”, secret prisons), the real role of the Bush administration is that of the Weimar Republic: “The German people were so aghast with the incompetence and failure of the Weimar Republic that they embraced the Nazis simply because they promised to do things like build the public infrastructure…”‘

  6. Eileen says:

    The Shadow Government must be feeling like a vampire that has had its coffin opened in broad daylight, and sees the stake that is just about to be plunged into its heart. http://www.huffingtonpost.com/2009/03/17/goldman-sachs-goes-for-th_n_175638.html
    I vant to suck your blood. Heh,heh,heh.
    This was also an interesting read:
    http://www.dailykos.com/storyonly/2009/3/16/44854/9764/816/709044
    Imagine that. What if Madoff did put all that money into U.S. Treasuries? What a hoot.
    I once was upset at Kevin for posting negative things about Obama, but I’m not anymore. The shift will occur in the world economy no matter who is President.
    I intend to read (someday) “Cosmos and Psyche,” by (?)Tarnas.
    http://www.amazon.com/Cosmos-Psyche-Intimations-World-View/product-reviews/0670032921/ref=dp_top_cm_cr_acr_txt?ie=UTF8&showViewpoints=1
    The big Heads are going to be exploding all over the place. If you are a small one like me, well – food, water, shelter, and health. Maybe learn how to hang out and watch the show go by.
    And astrology fans should check out Nancy’s Blog which is wherefore I found the above links
    http://www.starlightnews.com/

  7. Eileen says:

    Goldman Sachs CEO Lloyd BlanKfein testified in a Congressional Hearing re AIG: “we insured against the default (with AIG)”
    My question: who did they (Goldman Sachs) insure their loss against AIG default with?
    Could AIG have sold Goldman Sachs an insurance policy against losses that GS might potentially incur?
    Who else would insure such a freaking flop?
    FDIC?
    If I’d been a person on that Congressional panel I would have asked the question? Uh, who do you have an insurance policy with against your losses?
    Either Blankfein perjured himself or well, yes, our Congressmen here in the U.S. need to the ashram for awhile, get in touch with their inner being that knows how to ask pertinent questions so to interrogate, without feeling intimidated, the person that is wearing a suit that cost 20 times what they make in a year. And not feel badly about themselves for having done so.

  8. “This is called Change.”

    Any you love it, don’t you?

  9. pdugan says:

    I encourage people to make the great leap forward and get out of the states, but it´s true that no place is truly safe. Future security is really about local economic support, and the best you can do is go someplace with good resource to population ratios and a government that would try to control you.

  10. pdugan says:

    *Won´t* try to control you, excuse me. This “won´t” is always subject to a lack of resources and organization rather than a lack of will.

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