I HEARD THAT BUFFET BOUGHT INTO AIG? THEY SAY THAT THIS IS TO CONVINCE AMERICANS THAT IT IS A GOOD BUY. BUT HOW MUCH DID HE BUY IT FOR? AT ITS CURRENT VALUE...WHICH IS ALMOST NOTHING....OR AT THE PRICE THAT THE TAXPAYERS ARE BEING ASKED TO BUY IT?

IF ELITES ARE BUYING UP THAT WORTHLESS PAPER FOR ALMOST NOTHING, AND THE TAXPAYERS THEN BUY IT FOR WHAT THE BANKERS WANT THEM TO BUY IT FOR....THEN THOSE ELITES WILL MAKE BIG TIME BUCKS OFF THE TAXPAYER. ELITES WOULD BASICALLY BE BUYING PAPER FOR ALMOST NOTHING AND THEN SELLING IT TO THE TAXPAYER FOR WAY MORE. AND THEN THE ELITES HAVE THEIR MONEY AND THE TAXPAYER IS LEFT HOLDING ALMOST WORTHLESS PAPER.

BOTTOM LINE:

ELITES BUY LOW AND SELL HIGH TO THE TAXPAYER

THE TAXPAYER BUYS HIGH FROM THE ELITES AND SELLS LOW BECAUSE THE PAPER IS WORTH WAY LESS THEN THEY PAID FOR IT.

THIS IS THE SAME SCAM THAT GOT US INTO THIS MESS. BUY A HOUSE AT AN ARTIFICIALLY HIGH PRICE....WHEN THE PONZI SCHEME BLOWS UP THE BORROWER LOSES. MEANTIME BANKERS MAKE OUT LIKE BANDITS AND WANT TO LEAVE THE TAXPAYER HOLDING THE BAG.