[CitizensTruth] The Fed basically NATIONALIZES AIG...

[Daniel Stafford]

...guess big government is necessary after all, such as cleaning up 
after REAGAN-BUSH-CLINTON-BUSH-BUSH gutted regulations put in place 
after the LAST great (what was so damn great about it???) depression to 
keep the financial industry from pulling the same crap. They turned the 
Ferenghi loose, and now they have to mop up Ferenghi turds before 
everyone is neck deep in them. George W. probably has his teeth filed 
and ears rubbed by Jeff Gannon weekly...and now McLame wants to be the 
next Grand Nagus. DS

Federal Reserve to Loan AIG $85 Billion in Rescue
http://www.truthout.org/article/fed-loan-aig-85-billion-rescue
Edmund L. Andrews, Michael J. de la Merced and Mary Wiliams Walsh, The New York Times: "Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government an ownership stake in the troubled insurance giant American International Group, according to people briefed on the negotiations. The decision, only two weeks after the Treasury took over the quasigovernment mortgage finance companies Fannie Mae and Freddie Mac, is the most radical intervention in private business in the central bank's history."