Goliath not SMart enuffs to sort all this here out

Me wonder why it is that we gots this here: Just IMagines.... Sometimes I goes into

the Waffle house up there behinds MAcdonalds in Jeff. There a real nice gal works there

and pours me coffee when me gots a bad hangover from too much Jagermeisters and stuff.

SO, me find out this here gal, they take taxes out of her paycheck...

Then me find out, they take that gal's money and use it to SAve some Big banks. Me ask this

here question, Why that gal, (what is trying to raise up a coupla sprouts by herself) paying

for these here Big New yourk Bankers?

This one too many for Goliath.

HERE a funny news report about That Gal's money and HOw they use it....

Geithner's New York Fed Pushed AIG to Keep Sweetheart Deals Secret

by Shahien Nasiripour
Published on Thursday, January 7, 2010 by The Huffington Post

EXCERPT...

After the firm was given a taxpayer-funded backstop, one of its most controversial acts was to repay banks at 100 cents on the dollar for what was by that point nearly worthless insurance the banks had bought from AIG, known as credit-default swaps.

A brutal report issued in November by a government watchdog disclosed that AIG had actually been trying to negotiate better terms with the banks until - guess what? -- the New York Fed stepped in. The report held Geithner personally responsible, and led to renewed questions about his fitness for the job.

Now it turns out Geithner's people told AIG to delete references on draft regulatory filings to the sweetheart deals. And AIG then excluded any mention of them in its December 2008 filing with the Securities and Exchange Commission, keeping the information hidden from investors and the public.

SNIP...

Instead of bargaining with AIG's numerous counterparties to resolve its billions of dollars in souring derivatives contracts, Geithner's team ended up having AIG pay top dollar for toxic assets -- "an amount far above their market value at the time," the November report noted. It described how the team led by Geithner failed nearly every step of the way.

And consider the timing of the newly discovered action. Reports first emerged that Geithner was being tapped for the Treasury secretary post on Nov. 21, 2008; the Senate confirmed his nomination on Jan. 26. Details of AIG's 100-cents-on-the-dollar payments to various banks with taxpayer-supported funds totaling in the billions, which would otherwise have become public no later than December, weren't disclosed to the public until March, when Geithner was already in office.