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Quote of the ___

August 1, 2009

“The most poignant example for me is the AIG bailout, where they gave tens of billions of dollars that went right through — conduit payments — to the investment banks that are now solvent. We [taxpayers] didn’t get stock in those banks, they didn’t ask what was going on — this begs and cries out for hard, tough examination. You look at the governing structure of the New York [Federal Reserve], it was run by the very banks that got the money. This is a Ponzi scheme, an inside job. It is outrageous; it is time for Congress to say enough of this. And to give them more power now is crazy. The Fed needs to be examined carefully.” – Eliott Spitzer

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