Truth Has No Agenda (GB)

Posts tagged “CitiGroup

THE FEDERAL RESERVE CARTEL: (Part 1) THE EIGHT FAMILIES

[LibertyNewsOnline.com]

By: Dean Henderson

January 20, 2012

(Excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers in the Persian Gulf… Part one of a five-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. [1]

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Panel: Gov’t Bailout of AIG Was ‘Poisonous’

FoxNews.com | Associated Press

Published June 10, 2010

AP/FILE

AIG president Robert Benmosche

WASHINGTON — A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options before bailing out the crippled insurance titan.

The government could have acted sooner and more aggressively to engineer a privately funded rescue of AIG in September 2008, the Congressional Oversight Panel says in a new report released Thursday.

The bailout had a “poisonous” effect, the report says, because now the markets believe the government will commit taxpayer money to prevent the collapse of big financial institutions and to repay their trading partners.

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