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A list obtained by Fortune includes the names of many foreign banks - as well as U.S. giants such as Goldman Sachs.
By Carol J. Loomis, senior editor at large
Last Updated: March 7, 2009: 1:28 PM ET
NEW YORK (Fortune) -- Donald Kohn, vice chairman of the Federal Reserve, learned this week about blackmail, Senate style, when he refused to disclose the names of financial institutions benefiting from the bailout of American International Group.
Testifying about AIG (AIG, Fortune 500) before the Senate Banking committee, Kohn respectfully resisted all of its attempts to extract the names. Several committee members grew frustrated and finally got to the point of threatening Kohn with no more dollars for the credit crisis - ever - if he didn't spill the information.
Said Sen. Jim Bunning, R-Ky., "You will get the biggest 'no' you ever got. I will do anything possible to stop you from wasting the taxpayers' money on a lost cause."
The key point I take away from this is that the US government is owned by foreign banks. Plain and simple. The federal reserve prints dollars that are being siphoned off to pay the bad debts of european banking interests.
Testifying about AIG (AIG, Fortune 500) before the Senate Banking committee, Kohn respectfully resisted all of its attempts to extract the names. Several committee members grew frustrated and finally got to the point of threatening Kohn with no more dollars for the credit crisis - ever - if he didn't spill the information.
Originally posted by pstrron
reply to post by SevenThunders
This is exactly what happened in 1933 when FDR declared the United States of America bankrupt. There was a restructuring and a name change of the nation. Ever since 1933 the country has been known as the UNITED STATES OF AMERICA. Notice it is no longer "United States of America" but "UNITED STATES OF AMERICA" in all capital letters. They are not the same name nor referring to the same entity. All capitals denote a corporation which in turn is looked on as a person or persona (image of a person).
Originally posted by mybigunit
Your explanation is really the only reason we continue to let these people rob us and we do nothing about it.
Do you have more info on this? This is a nice post btw star for you.
Don't forget the $54 Trillion in 'lost' derivatives..... you never even hear them mention that anymore.