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Book by Mary Bancroft

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How saving AIG drove Chrysler into bankruptcy

AIG forced Chrysler into bankruptcy by selling Credit Default Swap contracts on Chrysler (and GM) [...]

Obama conceals AIG’s $37.2 billion foreign giveaway

Obama – Smoke & Mirrors

Obama is opposing AIG’s $170 million in bonuses.

But why has Obama not mentioned the much larger AIG giveaway of its bailout funds to foreign banks which total $37.2 billion?

This is 220 times the amount to be paid for AIG bonuses.

The known foreign recipients of this giveaway [...]