Bob McCarty Writes

Humor, Politics, Culture & Capitalism @BobMcCarty

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Is Sharia-Compliant Finance Alive and Well at AIG?

February 3rd, 2010 · 1 Comment

After you read the excerpt below from Frank Gaffney’s piece on Sharia-compliant finance published today at BigGovernment.com, you’ll begin to understand the seriousness of the story and why I designed the new faux logo for AIG (above): It appears that, through it’s 77.9% control of AIG’s equity and voting rights, the NYFed “sought to accomplish [...]

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‘Too Big to Fail’ Logic Examined

March 4th, 2009 · No Comments

Some six months after AIG was declared “too big to fail” and received billions of bailout dollars, the free-spending administration of President Barack Obama poured another $30 billion into insurance giant this week.  That took place, according to a recent DC Examiner report, after administration officials were encouraged by the company’s loss of nearly $62 [...]

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Suit Filed Over AIG’s Promotion of Shariah Law

December 22nd, 2008 · No Comments

One week ago today, officials at the Thomas More Law Center announced they had filed a federal lawsuit (pdf) against Treasury Secretary Hank Paulson and the Federal Reserve Board to stop all bailout funds from going to American International Group, Inc., the insurance giant many know better as “AIG.” According to the lawsuit, the U.S. [...]

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Saturday Night Live Tackles Issue Debate Did Not

October 9th, 2008 · 1 Comment

One would have expected NBC to boost its ratings tonight by capitalizing on Tina Fey’s ability to impersonate Republican vice presidential nominee Sarah Palin like they’ve done before.  But, alas, no.  Instead, Saturday Night Live’s WEEKEND UPDATE THURSDAY election special did something more valuable — it tackled at least one issue the second presidential debate [...]

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Treasury Secretary Addresses Crisis in Markets

September 19th, 2008 · 4 Comments

Offering the basis for what might one day become a reality television show, Treasury Secretary Henry M. Paulson Jr. delivered “Extreme Makeover: Financial Markets Edition,” the name I apply to the statement he delivered in Washington, D.C., this morning: “Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy [...]

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Blogger Seeks Bailout from Feds

September 18th, 2008 · 1 Comment

During the past three decades, the federal government has spent billions to bail out organizations in crisis.  For several reasons, I now believe the time has arrived for me to become the first blogger ever to seek a bailout from the federal government. First of all, my once-rich Uncle Sam has bailed out nearly everyone [...]

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