A letter was posted on NYTimes.com (contents are included below).  Please read it.  It is a letter from an AIG employee (now former) Jake DeSantis to Edward Liddy.
I know I have had the opinion that bonuses to the employees at AIG are absurd, especially in the amount specified.  I hadn’t thought the whole thing out [...]

Lately we have been hearing a great deal of fuss made by financial companies who have received government bailout money, that their activities and trades are proprietary information. To release this information would put the banks at risk.
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The primary problems with the banks argument are three fold:
First – the taxpayers are the owners, [...]

I am against the Banking/Mortgage bailout, so the first part of the evening to me was a waste of time.
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Getting to the good stuff:
The second part, regarding energy, and building better infrastructure is where I agree.  I would have thrown the whole $700 billion directly into projects that create better infrastructure, which means better roads, better [...]

I read two articles today that pertain to General Motors and the fight going on between the US government (on behalf of taxpayers) and prior creditors. Â
Everyone is fighting for first position in line when General Motors goes into bankruptcy. Â
Read the articles:
The Huffington Post – Crysler, GM Bankruptcy Looming in Detroit
The government has known [...]

What’s the best place to put a secret? In plan sight.
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The funny thing about information is that if you make it available and don’t trying to hide it behind some veil, people general are to accepting that they don’t even realize that something is so wrong.
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We just assume that if someone is doing [...]

In an article on the nytimes.com, entitled: Veterans of ’90s Bailout Hope for Profit in New One, we discover that the only way to profit from the global financial meltdown is to be a government insider. Â
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Whybanksfail does not believe that any of our readers did not know this starting at birth, but its un-comprehensible [...]

An article posted on Boston Herald called Government steps up home loan help, states that the government is taking broad steps to help troubled homeowners avoid foreclosure.
The steps:
1. Mortgage servicers will cut interest rates
2. They will extend 30 year to 40 year loans (other changes designed to reduce payments)
3. Reduce payments to no more than [...]

American Express became a bank, in order to stabilize funding from the government.
So American Express (NYSE:AXP 22.76 on 11/11/2008) had to eliminate 7000 jobs, due to the difficult times. Â
The Fed had announced the $700 billion bailout package for banks on 10/1/2008.  American Express needs help, but how can this apply?
Magic!
Lets say that American Express [...]

With no sign that the house market will improve in the near term, Fannie Mae (NYSE: FNM 0.72 11/10/08 2:01PM) announced a record lose of $29 Billion in the third quarter. Fannie was forced to write down deferred tax assets which could be used to offset future taxes, if shown they will return to profitability [...]

The history:

The F.A.Q.’s of Lehman and A.I.G. – Douglas W. Diamond and Anil K. Kashyap
Who needs a Bailout Bill: Federal Reserve bleeds out $410 Billion
AIG already spent $61 billion of the $85 billion
AIG officially asks for more money, $37.8 billion
AIG Borrows from government AGAIN! $20.9 billion now
Steal from Peter to pay Paul. AIG using Fed [...]

Just this morning we had asked, “Why does the government seem to be getting the worst deals here?” in our posting, AIG Borrows from government AGAIN! $20.9 billion now
Now we wanted to publish a link to Paulson’s Swindle Revealed published on The Nation by William Greider.
It just keeps getting better.

In this article on the New York Times Dealbook, A.I.G. Borrows Another $20.9 Billion From the Fed — you can read the details.
When are we going to slow this down?  A.I.G. now has approximately $104.4 Billion of our money.  Fortunately they have reduced their debt from $90.3 billion to only $83.5 billion.  It has only [...]

In an amazing step forward for US policy both internally and externally, the Treasury announced it has plans to buy equity in private banks.
That’s right, the federal government will be spending part of the $700 billion bailout bill, to buy equity in private banks across the country. Â
Is this better or worse than the previous [...]

It’s hard to believe, but Morgan Stanley, one of the few remaining investment banks with support of the government, may follow the path of Lehman Brothers.

Investors questioning the Mitsubishi UFJ Financial Group deal with Morgan Stanley caused a steep drop in stock value for the bitten company.
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Morgan Stanley has seen its stock down more [...]

It’s ok, the government knows what it’s doing.

You’d be scared too if:

You couldn’t get a date (Gisele wants to be paid in Euros now)
You can’t buy oil anymore (Iran has quit using the dollar for oil)
Brazil and Argentina don’t welcome you anymore (Brazil and Argentina have abandoned the dollar for trading purposes)
Your homeland, the streets [...]