Fantastic News! If you haven’t read Griftopia by Matt Taibbi-Do So. He
brings the criminal mess down to earth-your blood boil-and skin crawl.I’ve read
at least 6 academic accounts-but they don’t have the punch.
http://www.reuters.com/article/2011/11/21/us-aig-greenberg-lawsuit-idUSTRE7AK1CR20111121
Greenberg's
company, Starr International Co, also filed a lawsuit against the Federal
Reserve Bank of New York, whose president at the time of the takeover
was Timothy Geithner, now U.S. Treasury
Secretary.
Once
AIG's largest shareholder, Starr said the government took a roughly 80 percent
stake in AIG and charged an "punitive" 14.5 percent on federal loans without
seeking a shareholder vote, hoping to provide a "backdoor bailout" for
AIG trading partners such as Goldman Sachs Group Inc.
It
said the bailouts that began on September 16, 2008, violated shareholders'
rights to due process and equal protection, and a Fifth Amendment ban against
taking private property for public use without just compensation, known as the
"takings clause."
///
http://www.youtube.com/watch?v=pbKQ-h3J4Ks
AIG paid out 13 billion dollars to Goldman Sachs after receiving bailout...
///
also
see :
http://en.wikipedia.org/wiki/Timothy_Geithner
current United
States Secretary of the Treasury.
He was previously the president of theFederal
Reserve Bank of New York.
he played a supporting role to Henry
Paulson, former CEO of Goldman
Sachs, in the decision to bail out AIG just two days after deciding not to rescue Lehman Brothers from bankruptcy.
In 2006, he also became a member of the Washington-based
financial advisory body, the Group of Thirty.
http://en.wikipedia.org/wiki/Henry_Paulson
is an American banker who served as the 74th United
States Secretary of the Treasury. He previously served as the Chairman and Chief Executive
Officer of Goldman
Sachs.
//
http://en.wikipedia.org/wiki/Group_of_Thirty
The Group of Thirty was founded in 1978 by Geoffrey
Bell at the initiative of the Rockefeller
Foundation,[2] which also provided initial funding for the body. Its
first chairman wasJohannes
Witteveen, the former managing director of the International
Monetary Fund. Its current chairman of trustees is Paul
Volcker.
The
current members of the Group of Thirty are:
- Paul
Volcker - Chairman of the Board of Trustees; former Chairman
of the Federal Reserve
- Jacob A. Frenkel -
Chairman, JPMorgan
Chase International
- Geoffrey L. Bell -
Executive Secretary; President Geoffrey
Bell and Company
- Leszek Balcerowicz
- Former President, National Bank of
Poland
- Jaime
Caruana - General Manager, Bank
for International Settlements
- E. Gerald Corrigan
- Managing Director, Goldman Sachs, former
President of the Federal
Reserve Bank of New York
- Guillermo
de la Dehesa - Director and Member of the Executive Committee, Grupo Santander
- Mario
Draghi - President, European Central
Bank
- William Dudley -
President, Federal
Reserve Bank of New York
- Roger W. Ferguson,
Jr. - President and Chief Executive Officer, TIAA-CREF
- Stanley Fischer -
Governor, Bank
of Israel
- Arminio Fraga Neto -
Partner, Gávea
Investimentos; former President of the Central Bank of
Brazil
- Mark J.
Carney - Governor, Bank
of Canada
- Domingo Cavallo -
Chairman and CEO, DFC
Associates, LLC; Former Argentine
Minister of the Economy
- Martin Feldstein -
President, National
Bureau of Economic Research
- Abdulatif
Al-Hamad - Chairman, Arab
Fund for Economic and Social Development
- Philipp Hildebrand
- Chairman of the Governing Board, Swiss National
Bank
- Gerd
Häusler - CEO, Bayerisch
Landesbank, former Director of International Capital Markets at the IMF
- Mervyn Allister
King - Governor
of the Bank of England
- Paul
Krugman - Professor of Economics, Woodrow Wilson
School, Princeton
University
- Guillermo Ortiz
Martinez - Former Governor, Banco de México
- Kenneth Rogoff -
Professor, Harvard University
- Tharman
Shanmugaratnam - Minister of Finance, Deputy Prime Minister Singapore
- Masaaki Shirakawa -
Governor, Bank of Japan
- Lawrence Summers -
Charles W. Eliot University Professor, Harvard University
- Jean-Claude
Trichet - Former president, European Central
Bank
- Lord
Adair Turner - Chairman, Financial
Services Authority
- Sir David Walker -
Senior Advisor Morgan Stanley
- Yutaka Yamaguchi -
Former Deputy Governor, Bank
of Japan
- Zhou
Xiaochuan - Governor, People's Bank of
China
- Ernesto Zedillo -
Director, Yale
Center for the Study of Globalization, Yale University, and
former President of
Mexico
[edit]Senior Members
[edit]Emeritus members
- Erik
Hoffmeyer - Former Chairman, Danmarks
Nationalbank
- Shijuro
Ogata - Former Deputy Governor, Bank
of Japan
- Richard A. Debs -
Advisory Director, Morgan Stanley
- Wilfried
Guth - Former Spokesmen of the Board of Managing Directors, Deutsche Bank
- Sylvia
Ostry - Distinguished Research Fellow, Munk
Centre for International Studies, Toronto
- Gerhard
Fels - Former Director, Institut
der deutschen Wirtschaft
- John G. Heimann -
Senior Advisor, Financial
Stability Institute
- Toyoo
Gyohten - President, Institute
for International Monetary Affairs
- Peter
Kenen - Senior Fellow in International Economics, Council on
Foreign Relations
- Jacques de
Larosière - Conseiller, BNP
Paribas
[edit]Other former members
Other
former members include:
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