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Old 09-10-2012, 10:26 PM
 
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Recently I found out that we own stock in GM, now I'm finding out that the treasury department owns AIG. So with hearing both of those surprising ownerships, what other companies do we own?
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Old 09-11-2012, 03:22 AM
 
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Originally Posted by BMOREBOY View Post
Recently I found out that we own stock in GM, now I'm finding out that the treasury department owns AIG. So with hearing both of those surprising ownerships, what other companies do we own?
I think what don't they own is the question. The vast majority of all publicly traded companies, if not all, are govt shareholder controlled. GS and JPM included. Just go grab some CAFRs or asset list and see what is owned.

What is JP Morgan Chase? « REALITY BLOG

Then go check out this small 1% controlling 40% of a network that is self-regulating and controls 80% of global wealth.

Revealed – the capitalist network that runs the world ... - New Scientist

Then you can find out about interest rate swaps and start to understand the whole LIBOR significance.

U.S. Treasury Bond Teetering Tower Of Babel, Fed Stuck At 0 ...

Last edited by CDusr; 09-11-2012 at 03:30 AM..
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Old 09-11-2012, 07:25 AM
 
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How do you think the Government bailed out AIG and other companies? By buying up their stock. In AIG's case, the Government has just been able to unload some of this stock and has reduced its percentage of ownership (but it is still a part owner of AIG!).
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Old 09-11-2012, 12:25 PM
 
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Originally Posted by Chava61 View Post
How do you think the Government bailed out AIG and other companies? By buying up their stock. In AIG's case, the Government has just been able to unload some of this stock and has reduced its percentage of ownership (but it is still a part owner of AIG!).
These "public" buyouts are really misleading. If you were to look at GM stock prior to this so-called bailout. I am sure you would see the shares govt controlled via investment funds just like the other corps.
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