• AD Tracker
  • Tech & Startups
  • Crypto/NFTs
  • Marketing
  • Blacklisted Websites
  • Website Reviews

Sign up for the
best $?! news.

ADVERTISEMENT

Follow Us

Who Gave Them Money?!
No Result
View All Result
Wednesday, December 6, 2023
  • Login
Who Gave Them Money?!
No Result
View All Result
Wednesday, December 6, 2023
  • Login
Who Gave Them Money?!
No Result
View All Result
The True Story of the ‘Greatest Corporate Failure in American History’

Vice Media

The True Story of the ‘Greatest Corporate Failure in American History’

December 8, 2014
in Tech & Startups
A A

At the time we were told that it was the “greatest corporate failure in American history”—hat tip to Senator Richard Shelby—because politicians needed to cover up for the actual perpetrators of the crisis. They had us believe that AIG’s “rogue” financial products unit was the assassin of the economy, because they were conveniently placed and relatively unsympathetic bit players who happened to be completely removed from the more sinister machinations of the subprime racketeers. And in stark contrast to the narratives promulgated by former Treasury secretaries Tim Geithner and Henry Paulson and by appointed media mouthpieces like Andrew Ross Sorkin—whose crisis chronicle Too Big To Fail portrays the AIG bailout as the thoughtless design of a group of bankers Geithner summoned to the New York Federal Reserve Bank and exhorted to “Work harder, get smarter!”—the truth is that it was all very deliberate and intentional. Because, as the Fed and Treasury lawyers were acknowledging among themselves at the time, the AIG “bailout” appears to be by far the most illegal thing they did.

Read More @ Vice

ShareTweet
Previous Post

Sony to Officially Name North Korea as Source of Hack Attack

Next Post

Grumpy Cat Has Made Her Owner Almost $100 Million In Just Two Years

Please login to join discussion
ADVERTISEMENT

Copyright © 2021 by Jegtheme.

  • AD Tracker
  • Tech & Startups
  • Crypto/NFTs
  • Marketing
  • Blacklisted Websites
  • Website Reviews
No Result
View All Result
  • AD Tracker
  • Tech & Startups
  • Crypto/NFTs
  • Marketing
  • Blacklisted Websites
  • Website Reviews

© 2023 WhoGaveThemMoney.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset