AIG FRAUDULENT USE OF OFFSHORE BANKING HAVENS

[CounterPropagandist]

Source: WFMU Radio

Listen using Real Audio, it's a must for anyone seriously interested in how deep this all is and how it will take a lot more time to fix. Realize that all the active players in this crisis have a lot of covering up to do and that is why they don't want any oversight.

Read more: http://www.wfmu.org/listen.ram?show=28715&archive=45455

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This is an interview with a politican and economic researcher Lucy Komisar who looked into the crooked dealings of AIG, Victor Posner, Maurice Greenberg and offshore unregulated and secret banks, and how this affects our current economic crisis and how Republican McCain/Gramm deregulation made this all possible.

[dixiegrrrrl]

1. I have been waiting for this to break.

This is important.
We need more people to see it.

[OKthatsIT]

2. AIG is classified.

[Blue State Bandit]

3. Here is a list of stories by Lucy Komisar on AlterNet

http://www.alternet.org/authors/3779

How Tax Cheats Are Using Your Money to Fund Republicans
When it comes to tax cheats, the government has been vocal about catching the little guys but hasn't focused on the big-time frauds, like Swift Boat financier Sam Wyly, who happens to be a top-tier Republican contributor.
Posted on Apr 17, 2007

Many more at link.

[Tigress DEM]

4. Well, good let the IRS go get them and then use that money to help the bail.

Any one of these businesses that have broken the law should have their assests seized like they do with drug dealers and used to fix the messes they caused by being out of control with OPM - Other People's Money.

[CounterPropagandist]

5. Summary of Program

Featuring the brilliant investigative journalist Lucy Komisar, this program highlights the use of “Offshore” entities to evade taxes, maximize corporate profits and finance a variety of criminal enterprises. Much of the first side of the program consists of analysis and discussion of insurance giant AIG and its prolific use of “offshore” scams. In addition to presenting AIG’s pioneering development of “captive” reinsurance companies to launder profits and evade taxes, the program highlights AIG’s use of Coral Reinsurance for a variety of illegal gambits. It should be noted that AIG’s illegal operations have been aided by a number of powerful and influential people. Much of the second side of the program consists of review of the pivotally important Clearstream network, and its use by intelligence agencies, corporations, criminal syndicates and terrorist organizations. (See full post.)

[CounterPropagandist]

6. List of corroborating wiki study resources for this program

http://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_International

http://en.wikipedia.org/wiki/Clearstream

http://en.wikipedia.org/wiki/Victor_Posner

http://en.wikipedia.org/wiki/Maurice_R._Greenberg#Interaction_with_Mahmoud_Ahmadinejad

(not wiki but good general resource for this article)
http://spitfirelist.com/

[ronnie624]

7. Thanks for the link.

There's so much to digest, my head is spinning - or maybe that's just the Chardonnay. I'll have to listen two or three times.

AIG's International Advisory Board includes Henry Kissinger, William Cohen and Richard Holbrooke.

[CounterPropagandist]

8. "Free Market" Nonsense

So, when you hear a Reepublican say, "Free Market" next time, think, "Free Robbery", or "Free Murder", or "Free Drug Trafficking", or "Free Human Trafficking". "Free" means no laws at all, no regulations, easy fraud and tax evasion, and robbing from the public.

[OakCliffDem]

9. Kick

[Wilber_Stool]

10. Listened to this last night.

I'll kick it now for the day shift.

[Gin]

11. Rubin is as bad an any other.....I was hoping he was different.

[dixiegrrrrl]

12. and he is on Obama's advisory team.