New York Fed turns AIG bailout into $18 billion profit

The federal government could have nationalized every "Too Big to Fail" failing institution rather than bailing them so those failures could park their borrowed money at the Fed to earn a spread at the direct, negative expense of everyone else whom they had fleeced via deregulations that were warned against before they were ever allowed by the airhead cheats.

New York Fed turns AIG bailout into $18 billion profit - Aug. 23, 2012.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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