Written by Administrator Tuesday, 07 April 2009 12:47
A Bloomberg article announced today that a “probe” has finally begun, concerning whether the Goldman Sachs Stooges in U.S. government allowed AIG to over-pay its “counter-party” obligations – to banks such as Goldman Sachs.
While the article did not use the phrase “conflict of interest” - a legal term which appears to be completely alien to U.S. society - the “TARP inspector-general” is supposedly “investigating” whether AIG acted improperly in paying off counter-party obligations at 100 cents on the dollar, despite the fact these same “counter-parties” were facing 100% losses on their counter-party bets if AIG had failed.
In short, what is being examined is whether the more than $180 BILLION in hand-outs to AIG was essentially used as a “slush-fund” by the banker-servants in the U.S. government to bail-out many U.S. banks – without their own names being attached to yet more embarrassing government hand-outs.
Given the virtual monopoly which Goldman Sachs Stooges have acquired in running the U.S. Treasury Department as they see fit, it should surprise absolutely no one that Goldman Sachs had the largest amount of AIG funds secretly diverted to its corporate coffers – roughly $13 BILLION (but don't call this a “conflict of interest”).
It is hard not to take a cynical view of this “probe” (as merely an exercise in “damage control”), since the banksters will not allow the U.S. government to find fault with the Goldman Sach Stooges at the Treasury Department who have been writing these blank-cheques. The likely outcomes are either a complete “white-wash” (i.e. everyone acted in a “totally appropriate manner”), or some heavily-diluted criticism that better “management” of these hand-outs was needed in the future.
Wild, optimists may be hoping/praying that, at the least, the U.S. government and/or the brain-dead, media-parrots might rediscover the phrase (and the concept of) “conflict of interest.” Don't get your hopes up!
What the United States is saddled with today is a 100%-corrupt government, totally under the control of the U.S. financial crime syndicate. It is a government where U.S. politicians (up to and including the President) openly acknowledge the need to reduce government “pork” spending – but never do anything about it.
Meanwhile, the so-called “free press” in the U.S. is owned by a tiny handful of HUGE corporations. They don't function as journalists, but as apologists, who almost always try to portray government actions and propaganda in the best possible manner – like the government's own “public relations” branch.
So, when the “investigation” ends concerning how the Goldman Sachs Stooge in the Treasury Department handed AIG $180 BILLION, with virtually no “strings” attached – so that AIG could secretly pay off a $13 BILLION bet with Goldman Sachs, at 100 cents on the dollar, expect the verdict to be: “business as usual.”
