A New Casualty From The AIG Scandal

On March 18th, I posted where the AIG money was really going and why the US government wanted everyone to focus on a few million in bonuses on NOT where the $30B in bailout money went:

Apparently, our "free press" was told not to report on where the money was really going because of fears of backlash by the American people. It is more important for the American people to mad at people on wall street and NOT be angry with their government.

Now it appears that a CNBC Host, Dylan Rattigan, broke ranks and started talking about the real AIG scandal. You can watch the events unfold here as he starts talking about the issue surprising the three guests who were there to talk about the DOW. Notice also that after a little discomfort, they admit that it is the "REAL UNTOLD STORY" and then you see them actually wanting to talk about the issue. Video is here:

http://economicedge.blogspot.com/2009/03/this-is-way-america-really-works.html


It seems the executive management of CNBC were outraged and forced the show to cut away to announce what is laughable "breaking news" that GOOGLE is going to layoff 200 people. It was reported that, during the cut away, Dylan Rattigan was fired and did not appear on the show he hosts in the evening called "Fast Money".

And as usual, news of his termination is now being "spun" so that everyone thinks that there are contract issues with Dylan and also sending out stories to discredit him as a professional and a human being.

So let me summarize:
(1) The AIG scandal concerning sending US taxpayer dollars to bailout EU banks was already public information, easy to locate and I was able to publish the details more than a week ago on this blog.

(2) There is nothing wrong with AIG sending money to the EU banks because after all it was a contractual obligation-- no laws broken as far as I can tell.

(3) But it looks bad. And that makes the US Government look bad. At a time when they want to look good. I feel sorry for them because all they have is their image. Because they have no business skills, they are ill-equiped to deal with the problem. Because they have no leadership abilities, they can't allow what must (and eventually will occur) which is a lot of pain for the American people [Deflation, Inflation, Currency Devaluation, Income Confiscation through higer taxes]. So they are taking advice from the very people who caused the problem in the first place.
(4) The "free press" is no longer free. They are being told what can and cannot be reported. And, if you do try to do some investigative reporting and don't clear it with your network executive, you will get fired. And your famiy won't eat. And as soon as we get government run healthcare in place, we will take away your healthcare if you don't do as we say.

I liked Dylan, I hope he goes to Bloomberg or Fox Businesses. I have been drifting from CNBC viewership for some time now... Now I won't watch them at all.