He is crazy crazy they are after me! OBAMA uses the Castro, Chavez model ‘Report: Biden's Son, Brother Marketed Hedge Fund Through Stanford Company Vice President Joe Biden's brother and son ran a fund of hedge funds marketed by companies controlled by disgraced Texas billionaire R. Allen Stanford, according to a report published in the Wall Street Journal.’ WASHINGTON (Reuters) – Lawrence Summers, a top economic adviser to U.S. President Barack Obama, was paid about $5.2 million by hedge fund D.E. Shaw in the past year, financial disclosure forms released by the White House showed on Friday.Summers, a former U.S. Treasury secretary and Harvard University president, also was paid $2.7 million in speaking fees by a range of organizations and companies, including several troubled Wall Street financial firms, they showed.
Gee why bailout AIG? AIG now says it paid out more than $454 million in bonuses to its employees for work performed in 2008. 'Hedge funds are typically open only to a limited range of professional or wealthy investors.' Friends of………….? 'Hedge funds are typically open only to a limited range of professional or wealthy investors. This provides them with an exemption in many jurisdictions from regulations governing short selling, derivative contracts, leverage, fee structures and the liquidity of interests in the fund. A hedge fund will nevertheless commit itself to a particular investment strategy, and therefore often particular investment types and leverage levels, via statements in its offering documentation, thereby giving investors some certainty regarding the nature of the fund.'
Do not pay on credit default swaps! They are not regulated and therefore should not be enforce! This guy makes it simple for the dumb tax payer ‘Eric Dinallo, superintendent of New York State's Insurance Department, railed on Friday against AIG's failed business model, likening its insuring credit-default swaps as gambling with somebody else's money. "It's like taking insurance on your neighbor's house and even maybe contributing to blowing it up," he said at a panel sponsored by New York University's Stern School of Business.’ Here is the laugh. Citi spends $3.5M to reward Smith Barney brokers. “These are predatory schemes designed to rob Americans of their savings and potentially their homes," Treasury Secretary Timothy Geithner said. "We will shut down fraudulent companies more quickly than before. We will target companies that otherwise would have gone unnoticed under the radar."Now your tax money go to citi and your house is gone. How foolish do you feel? GM and chrysler receive billion of you tax payers' money. You can't afford a vacation. They have billions for people who don't work! 'GM's plan is estimated to be $20 billion, or about 20 percent underfunded, while Chrysler's plan is 34 percent underfunded, leading to a $9 billion-plus shortfall, the agency said. Ford's funded ratio is not publicly available, but the company's pension plans are likely running at a $12 billion deficit, it said.' While the former USA is changing laws and policies as it grows, Nowhere? Revoke all trusts or reduce to max $3,000,000.00 per trust, Declare banks insolvent. Payout the max $250,000.00 FDIC! Get the money circulating! ? If Buffet, Gates and other billionaires were to die the inheritors’ tax kicks in at 3 million and the rest of the money goes to the people(new government) of the former USA. the government's version of a 401(k) -- they are also offered a defined-benefit pension plan backed by the U.S. Treasury and largely insulated from Wall Street fluctuations. Lawmakers' retirement benefits start earlier and accrue faster than in plans offered to other federal workers, or by the average private company. Lawmakers also get cost-of-living increases, increasingly rare in the private sector.