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Following Through
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neither of whom even bothered to assign it for analysis to a
single ingénue assistant who might have understood it better than either of
the designated recipients?
Is substantially all the government money injected into AIG and the top tier
banks is accumulating as we speak in the Treasury market to the extent it
has not been siphoned off by collateral calls for the benefit of hedge fund
operators who understood just how risky to the banks were the default swaps
on which these operators were happy to take the other side, because they had
worked for years in these same banks and knew the bank positions sooner or
later were bound to explode to the banks’ ruin and their own nearly
unimaginable profit?
Is the greatest bank robbery in history now playing out under the very
nose of a Democrat controlled Congress which enabled the whole thing in the
hope of collecting a few goodies for pals of the leadership by adding one
hundred meaningless pages to a Bill which left the Treasury Secretary free
to do whatever he wanted with $375 billion of taxpayer money, and to pursue
a course nowhere mentioned in the legislation nor ever discussed prior to
its passage, a course which Administration insiders very well might have
(and very probably did have) planned right from the beginning which will
enrich cronies nearly impossible to identify to an extent making the
shenanigans in Iraq look like a scandal in the Crook County building
Department?
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