Friday, October 24, 2008

AIG needs more money

AIG is becoming one giant "black-hole." Now $123 billion is not enough.

And Freddie Mac is now looking for $1.2 billion that disappeared from Lehman, that they lent to them the previous month. But they are not alone:

Others who have asked for similar investigations include: Bank of America Corp., Well Fargo Bank NA, Federal Home Loan Bank of Pittsburgh and Fir Tree Value Master Fund LP.

When countries, worldwide are on the brink of default, this may look like just a blip on a screen. But soon, everyone will be owning dollars, and then this country, and it's financial system will get another look.

And we have only seen the tip of the iceberg of these shenanigans.

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