- American International Group’s unpaid CEO Edward Liddy said the company’s board has been in close consultation with the Federal Reserve since November about whether to hand out the $165 million in bonuses it issued to its top employees last week...“Am I to understand you’re saying that Chairman Bernanke or his designated person at the Federal Reserve was informed that you were going to make these payments and acquiesced in that decision?” A puzzled-looking Kanjorski said.“Yes,” Liddy assured him. “Everything we do, we do in the partnership with the Federal Reserve. The Federal Reserve is at our board meetings, at our compensation committee meetings, at our various meetings on strategy. And they have the ability to weigh in either yea or nay on anything that we decide...”The company works with the Federal Reserve Bank of New York, which was headed by Geithner before he took the helm at Treasury in January.Liddy said he did not know if Geithner was involved in any of the meetings about the bonuses.“We do not know a single thing of strategic importance without talking to the Federal Reserve,” Liddy said. “What we have assumed is that our discussions with the Federal Reserve were being properly communicated with others.”
Wednesday, March 18, 2009
Follow that money!!!
A commenter on the previous post with the Alex Jones documentary asked this about my posting it: "Really, why post this when it's implausible and steeped in conspiracy thought?" To which I replied: "I posted the video - sans commentary - not to be coy, but because: 1) I'd really like to know what people think and 2) I don't discount the validity of ALL of it (Call me a conspiracy-theorist-in-training if you like, I can take it.)! Okay, so the glass-tracking chip may be a little Manchurian Candidate-ish, but when it comes to the money thing, and the "installation" of the Changeling? I've been thinking about those things for a while now - long before Alex Jones and this documentary. And as we look at what is/has been happening, you have to admit that "following the money" definitely leads us to some really dark places." And then today, I read this on dcexaminer.com: "Big AIG bonuses got nod from Fed." Particularly interesting in the piece were these little tidbits: