georgephillip
Senator
Do you see anything to disagree with in the following quote?I'm certainly NOT going to take him as an authority on anything to do with the capitalist system.
"...remember, indirectly, the United States of America is the only reason Switzerland exists anymore as a financial entity. Because its huge banks, Credit Suisse and UBS, were not only serial felons, but were deeply insolvent.
"And the United States, through the Federal Reserve, bailed out the Swiss central bank, which allowed them to bail out the Swiss banks. And of course, it's very handy, because our fingerprints don't look like, you know, the U.S. taxpayers, in essence, bailed out these fraudulent Swiss banks.
"But we did.
"And mind you, we did it again, secretly, through AIG.
"When AIG paid a whole bunch of not only Goldman Sachs, but foreign banks, including a very large Swiss bank a hundred cents on the dollar when they could have paid far less on the things called the collateral default swaps"
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=13531