The sixth AIG bailout: 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,” Robert Gibbs, Press Secretary to Democratic (socialist/fascist) de facto President Obama (either a natural born subject of the United Kingdom enclave of Kenya, or a natural born resident of the republic of Hawaii), announces that the department of the treasury and the privately owned Federal Reserve System of (central) banks are extending 30,000,000,000 “dollars” in emergency credit.  This comes as AIG announces a 61,700,000,000 “dollar” loss for the fourth quarter of 2008 — the largest quarterly loss of any corporation in the nation’s history.  And it brings to a total of 173,000,000,000 “dollars” the insurance giant that is at the heart of the “Greatest Depression,” has received in the previous 12 months.

       Postscript: The next day Benjamin S. “Helicopter Ben” Bernanke, Chairman of the Board of Governors of the FRSB, in testimony to the senate “AIG exploited a huge gap in the regulatory system. … [and] to nobody’s surprise, made irresponsible bets and took huge losses.”

       [added 10/10/2021] Thanks to G. Edward Griffin for this entry.

       Shelia C. Bair, Esq., Chairwoman of the Federal Deposit Insurance Corporation, issues Federal Register Document E9-4584, requiring the nation’s commercial banks to pay an additional 12 to 45% (depending upon risk factors) assessment to keep the FDIC solvent.  The FDIC lost 33,800,000,000 “dollars” the previous year,

       Postscript: The next day President Camden Fine, of the Independent Community Bankers of America, estimated that the assessment will wipe from 50 to 100% of the profits of the nations smallest commercial banks.

       NOTES:

• Bair is deliberately forcing banks into this precarious situation as she is loathing to seeking a loan from her bitter adversary, Timothy F. “Turbo Tax” Geithner, secretary of the treasury.
• As an attorney (Officer of the Court) Bair was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].

       [added 10/10/2021] Thanks to Freedom’s Phoenix and G. Edward Griffin for this entry.