The financial jihad has now achieved its greatest coup so far: It has co-opted the U.S. government as a partner. In fact, if you would like to see a contributor to the jihad, have a look in the mirror. Thanks to the Obama administration, every one of us is complicit. The bailout bonanza made each of us an owner of American Insurance Group (AIG). Under the stewardship of its real CEO, Treasury Secretary Timothy Geithner, AIG proudly runs the world’s most lavishly funded sharia-compliant insurance business — and it is desperately trying to convince a federal court in Michigan that no one should have a problem with that.-NRO
Post Tagged with: "Treasury Department"
Banks to benefit most from White House program to help fight foreclosures
Housing experts expressed concern that banks, not homeowners, will be helped by the White House’s $3 billion funding infusion — $2 billion from the Treasury Department and another $1 billion from the Housing and Urban Development Department — going to those states hit hardest by the housing market crash and unemployment. – The Hill
Finance Bill’s Devilish Details
The devil is in the details of the monstrous new regulatory package, which Democrats hope to pass early next month. They reveal plans to reallocate credit and capital to the Democrats’ political base, while empowering race racketeers like Acorn with slush funds and advisory board seats.
Treasury has profited from big bank bailouts
At a time when both parties are competing to crack down the hardest on Wall Street banks, it might come as a surprise to know that the Treasury has been making a tidy profit on most of the government’s Wall Street rescue operations.
Treasury Department empowered to takeover any financial institution at its own discretion
In 1919, Lenin wrote after his takeover of Russia that the way to control a country is to first take over the industry, the land, and the banks.
Obama Pays More Than Buffett as U.S. Risks AAA Rating
“It’s a slap upside the head of the government,” The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.