3/7/09
All american taxpayers are finally knowing which counterparties behind AIG. This f#$% black hole has already sucking/wasting our hard earn tax $$ so far total around $178billion. Now, total of $60 billions were being paid out to the following counterparties:
- Goldman Sachs
- Deutsche Bank
- Merrill Lynch
- Société Générale
- Calyon
- Barclays
- Rabobank
- Danske
- HSBC
- Royal Bank of Scotland
- Banco Santander
- Morgan Stanley
- Wachovia
- Bank of America
- Lloyds Banking Group
Now, we all know why government cannot afford to let AIG go down. But, I guess most of american do not care if those benefiaries need to recover their money. I strongly agree to let AIG, FNM, FRE, C, BAC, GM, GE...all go down. Let the system to find out their equalibrum. Who the f*&^ care the financial systemical risk?! I do not see any big problem if stock market is not open trading public for few months until this whole mess re-organized. For the sake of our no brainer goverment, still keep wasting more $$$ to other non-sense budget rather than focusing more stimulus $$ to create jobs. The number one and only one concern to resuce our economy is JOB. Do anyone in Washington know?! I doubt it!! I strongly believe we have already fallen into much longer recession, or great recession. I do not expect or believe our economy will recover on last half of year 2009 or 2010. It needs to take much more time. Yes, I make my statement here again.
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