Another AIG 38 Billion Dollar Lifeline Was Extended by the Government. Americans Stand by and Watch as the Wealth of Their Country is Transferred Into the Hands of Elites.
The AIG 38 billion dollar bailout is an example of corporate theft. The corporation known as American International Group, serves the role of an international insurance company, and it is one of the largest corporations in the world.
The company has come under scrutiny recently because of its crisis of liquidity and the fact that its credit rating had been significantly downgraded due to imbalances. AIG has become increasingly well known recently, because of the media's reporting on the famous bailout packages and the intense controversy that those programs have created.
Another interesting factor affecting AIG, is that many members of the corporation have been under investigation for securities fraud and other corporate crimes in relation to accounting irregularities within the company.
Many pundits have publicly condemned AIG and its management for having lavish expensive parties while the company was collapsing and receiving public tax funding to save it from that certain collapse it faced.
Perhaps the primary reason AIG was saved from collapse was that many economists believed AIG had become too large and important to world wide finance to be allowed to collapse, and its collapse would create a domino effect leading to a world wide depression and rioting.
Many critics have condemned these fear-mongering methods of intimidation by the powers that be to frighten everyone into accepting the bailout, despite the fact many conservative economists believed that allowing AIG to fail would have been the most beneficial long term prospect.
The recent AIG 38 billion dollar infusion was just another fraction of the total funding they have received from the government in order to save them from certain collapse.
Many economists claim that AIG is too large and powerful of a financial organization to be allowed to fail; if it were allowed to fail, it is believed that a domino effect of collapses would occur all over the world as a result, thus destroying the entire modern economy.
Although no actual evidence is ever presented to support these claims, they are generally accepted by many listeners without even questioning its validity. As a result, another AIG 38 billion dollar bailout is passed by Congress.
More conservative economists believe that these are simply fear-mongering intimidations put forth to scare the public into accepting an AIG bailout. They believe that allowing AIG to fail would be a positive boost to the economy in the long-term situation because it would decrease the incentive for corporations to take part in fraud or other unscrupulous activities.
Many believe that prior to the downfall of AIG, many practices were being undertaken within the corporation that created the basis for its following collapse. Many of these practices surround questionable assets and other securities which have been considered worth far more than they may actually be worth.
Many ask, why would there be a AIG 38 billion dollar bail out if they partake in these illegal practices?
Many allegations of fraud and other criminal activities have surfaced, and the FBI has undertaken investigations into many members of the management within AIG in order to determine exactly what was happening.
Many believe that the AIG management has been looting the corporation's coffers for several years, essentially stealing from shareholders and stealing the life savings of many citizens and investors.
Many in the mainstream media and alternative media have been asking where the bailout money is going. They are trying to determine how this money is being spent. To the dismay of many, the paper trail is covered up and accountability for the expenditure of bailout money is nowhere to be found.
Many corporations have been continually expressing their perceived right to choose to withhold the information about how they are spending the AIG 38 billion additional bailout funds.
As corporations will not disclose any information, many investigations attempted to convince the Treasury or the FED to disclose bailout expenditure information, but only small amounts of information have been released so far, and much of it has been kept secret.
Many believe that this information is kept secret because it is covering up the fact that it may be an outright theft of the public treasury, including the recent addition of the AIG 38 billion dollar lifeline.
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