Saturday January 29, 2022
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Geithner Should Go!

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"Tax the rich" protest in Minnesota. (Fight Back! News)

In September of 2008 the New York Federal Reserve gave the U.S. insurer American International Group (AIG) an $85 billion loan as part of the bailout of Wall Street. The NY Fed told AIG to pay big banks in full the $62 billion AIG owed for credit default swaps. In addition, the NY Fed told AIG not to tell the public how much they owed or who they were paying off. The government bailout of AIG has been increased three times since then and now totals more than $180 billion.

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