The Big Takeover: AIG, The Fed, etc.
This is amusingly wild-eyed stuff from, of all places, Rolling Stone magazine on AIG, the Fed, etc. it is enthusiastically written, even if somewhat hyperbolic in its claims. For example, just because the writer hasn't seen the hodge-podge -- Term Auction Facility, the Term Securities Lending Facility, the Primary Dealer Credit Facility, etc. -- of Fed credit programs on billboards doesn't make them "secretive".
Anyway, it's worth a read:
It's over — we're officially, royally fucked. no empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline — a corporation that got rich insuring the concrete and steel of American industry in the country's heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire.
More here.
