Where did all the bailout money go?

With loads of fresh US taxpayer stimulus money ready for redistribution to unemployed, delinquent ‘homeowners,’ let’s look at where previous bribes bailouts went.

Between 2008 and 2010, Goldman Sachs sent billions of American taxpayer dollars to 32 entities, including many overseas banks, hedge funds and pensions – as reported by the Senate Finance Committee. Asked about the significance of Goldman’s ‘disclosed’ global recipient list (under threat of subpoena), Senator Chuck Grassley stated, “We thought originally we were bailing out AIG. Then later on…we learned that the money flowed through AIG to a few big banks, and now we know that the money went from these few big banks to dozens of financial institutions all around the world.”

AIG received an initial bailout of $85 billion (now over $180 billion) at the discretion of the Federal Reserve Bank of New York, which was led at the time by Timothy Geithner the current U.S. Treasury Secretary. “I think it proves that he knew a lot more at the time than he told,” Grassley said. “And he surely knew where this money was going to go.”

List of pricey 2008-2009 vote purchases:

2008 – Bear Stearns – $30 billion
2008 – Fannie Mae / Freddie Mac – $400 billion
2008 – American International Group (A.I.G.) – $180 billion
2008 – Auto Industry – $25 billion
2008 – Troubled Asset Relief Program – $700 billion
2008 – Citigroup – $280 billion
2009 – Bank of America – $142.2 billion


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