While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” in a rare Sunday move when the financial markets are closed, the Federal Reserve System of (central) Banks lends its assent to the conversion of Goldman Sachs and Morgan Stanley, the last two remaining investment banks in the nation, into commercial banks.  As commercial banks they are subject to greater regulation, but are eligible to offers their customers Federal deposit insurance.

        NOTES:

• Without investment banks, established business are now left without their primary funding source for development of new innovative products.
• In truth the FDIC has no “reserve fund”: Insurance premiums paid by commercial banks are really an excise tax on the banking industry, as the banks have no choice but to pay them, and those payments go straight into the U.s. Treasury, which exchanges them for Treasury Bills.  The Treasury then uses the money to fund its myriad of unlawful spending programs.
• Before Henry M. Paulson, Jr., became secretary of the treasury, he was Chairman of Goldman Sachs.

        The same week that AIG was bailed out, Paulson was in contact at least 24 times with his successor at Goldman Sachs, Chairman Lloyd Blankfein.  This greatly exceeds the communications he had with GS’s competitors during the same period.  Paulson had been conferring with GS a total of 26 times before he had been granted an “ethics waiver” to do so.

        Other investments banks such as Bear Stearns and Lehman Brothers were allowed to disappear.

        Postscript: Two weeks later, as a commercial bank, upon passage of the “Billionaire Bailout (and left taxpayers the) Bill,” Goldman Sachs almost immediately received 13,000,000,000 “dollars” that was owed to it by AIG.  GS also received another 10,000,000,000 “dollars” directly from the Troubled (worth less) Asset Relief Program.

        [added 5/25/2021] Thanks to Freedom’s Phoenix for this entry.

        Henry M. Paulson, Jr., secretary of the treasury, says on the American Broadcasting Company television news magazine This Week, that bailing out foreign commercial banks will be done under the “Billionaire Bailout (and left taxpayers the) Bill”:

        If a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution. That’s a distinction without a difference to the American people. The key here is about protecting the system.

        NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.

        [added 5/25/2021] Thanks to Freedom’s Phoenix for this entry.