Page 38 - Wealth Transfer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Alloweded leverage and the accounting fraud to affect our system and allow ultimately the largest wealth transfer in the history of our country from the taxpayers to the bank gambling parlors. what is happening today in greece could happen here. as you and i speak, the financial reform bill currently being debated in the senate, but the solution so far proposed and accepted, do absolutely nothing to fix the too big to fail phenomenon. including the shelby-dodd amendment, despite what the senate and for that matter, timothy geithner, will tell you. >> large, complex institution like aig managed...

Good at -- selling bonds instead of cars. but the case here is that they were deliberately creating and selling bad bonds. on purpose. sticking the consequences with foreign banks or most horrendously, selling those bonds to our teachers, police, judges and other state pension fund holders in this country. imagine selling toxic bonds to those people, knowingly and then going to aig and betting that they would collapse and then blackmailing the u.s. government into paying through aig into goldman sachs and out to the goldman client, in this case, john paulson. that will be the legacy of the bub...

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