{"id":192452,"date":"2009-03-30T17:36:00","date_gmt":"2009-03-30T22:36:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/30\/now-we-know-why-banks-were-profitable-last-month\/"},"modified":"2009-03-30T17:36:00","modified_gmt":"2009-03-30T22:36:00","slug":"now-we-know-why-banks-were-profitable-last-month","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/30\/now-we-know-why-banks-were-profitable-last-month\/","title":{"rendered":"Now We Know Why Banks Were Profitable Last Month"},"content":{"rendered":"<p>Because, using our tax dollars, <a href=\"http:\/\/zerohedge.blogspot.com\/2009\/03\/exclusive-aig-was-responsible-for-banks.html\">AIG settled its accounts with the big banks at 100% on the dollar<\/a>, even while they are <a href=\"http:\/\/www.reuters.com\/article\/ousiv\/idUSTRE52T1GE20090330\">refusing to pay on deals with smaller players<\/a>.<\/p>\n<p>So, not only are we funneling money to the big 5 banks through the TARP, and the TALF, and various Fed facilities, we are also shoveling money in through the back door by way of AIG&#8217;s Financial Products Division.<\/p>\n<p>I now have a tough choice&#8230;.Should I go long in pitchforks, or torches?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because, using our tax dollars, AIG settled its accounts with the big banks at 100% on the dollar, even while they are refusing to pay on deals with smaller players. So, not only are we funneling money to the big 5 banks through the TARP, and the TALF, and various Fed facilities, we are also &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,985],"tags":[],"class_list":["post-192452","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192452"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192452"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192452\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}