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Wednesday, March 11, 2009

How Much of AIG's Bailout Money is Financing Mortgages in Israel and the West Bank

As of March 4, 2009, the American taxpayer has bailed out American International Group (AIG) to the tune of $163 billion (assuming that the Federal Reserve and the Federal gubmint are to be believed on anything anymore).



On March 3, 2009, this exchange took place in the august and hallowed halls of what used to be known as the Congress of a Constitutional Republic:
With One Word, Bernanke Reveals Who Actually Runs the Country:


Senator Sanders: “Will you tell the American people to whom you lent $2.2 trillion of their dollars?”
Ben Bernanke: “No.”


One can only surmise Bernanke’s reasoning. He claims he doesn’t want to spook the banks and the markets or some such claptrap. I have another possible reason: Bernanke, being an Orthodox Jew, doesn’t want the American public to get any inkling of Israel’s share of the various bailouts.


AIG owns a company in Israel called Ezer Mortgage Insurance (EMI). EMI will insure/finance up to 95% of a private Israeli mortgage.



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