Confirmed: Bailout Loot Went Overseas

Our rulers are transnationalist. When they pass our money around to their buddies, it doesn’t matter to them whether it ends up in this country or another — as the crony capitalists at Goldman Sachs confirm:

Goldman Sachs received a $12.9 billion payout from the government’s bailout of AIG, which was at one time the world’s largest insurance company.

Why did the money go to Goldman Sachs? Because there is a highly lucrative revolving door between GS and the White House.

From there much of the loot went abroad:

Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night.

Friday night is always the time for information embarrassing to our rulers to be dumped down a media black hole. It was only released at all under threat of subpoena from Senator Chuck Grassley (R-IA).

The initial $85 billion to bail out AIG was supplemented by an additional $49.1 billion from the Troubled Asset Relief Program, known as TARP, as well as additional funds from the Federal Reserve. AIG’s debt to U.S. taxpayers totals $133.3 billion outstanding. …

AIG received the bailout of $85 billion at the discretion of the Federal Reserve Bank of New York, which was led at the time by Timothy Geithner. He now is U.S. treasury secretary.

At his “discretion,” this tax cheat stole $85 billion of our money and passed it out among his friends both here and abroad.

Our country is ruled by criminals who are systematically looting it into bankruptcy. When the economy inevitably collapses, their cronies in the media will blame it all on the capitalist system that made America rich, but that progressives have corrupted beyond recognition.

Belongs in prison.

On a tip from Incitatus. Cross-posted at Moonbattery.

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