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[bobf <bobford79 AT yahoo.com>]

While not giving  answers to your specific questions, this link is to an 
excellent article in the new  ' Rolling Stones ', which gives an easy to 
understand general background layout . * caution * : coarse language in the 
excerpt below and at the link.

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Excerpt:

"The Big Takeover 

The global economic crisis isn't about money - it's about power. How Wall 
Street insiders are using the bailout to stage a revolution 

MATT TAIBBI Posted Mar 19, 2009 12:49 PM

It's over — we're officially, royally fucked. no empire can survive being 
rendered a permanent laughingstock, which is what happened as of a few weeks 
ago, when the buffoons who have been running things in this country finally 
went one step too far. 

It happened when Treasury Secretary Timothy Geithner was forced to admit that 
he was once again going to have to stuff billions of taxpayer dollars into a 
dying insurance giant called AIG, itself a profound symbol of our national 
decline — a corporation that got rich insuring the concrete and steel of 
American industry in the country's heyday, only to destroy itself chasing 
phantom fortunes at the Wall Street card tables, like a dissolute nobleman 
gambling away the family estate in the waning days of the British Empire. 
.............................................




http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1

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--- On Mon, 3/23/09, Lynn Wigglesworth <lynnw1366 AT hotmail.com> wrote:

> 
> I DO read/watch the news, and it confuses me. Some of it
> amuses me, like 
> people discovering frugality (cheap is fashionable!). My
> life still hasn't 
> changed, and isn't likely to (my ex, the source of my
> child support, says 
> that stimulus money is pouring in to his industry, and they
> are looking to 
> hire qualified people, so his job is safe). I'm curious
> about how the entire 
> world economy can 'implode', or how countries or
> states can go 'bankrupt', 
> or why a financial company is 'too big to fail'.
> What happens in these 
> cases? It all confuses me, but not in a way that scares me,
> because I have 
> so little invested in the world economy. These will be
> interesting times.
> 
> Lynn Wigglesworth
> Tioga Co. PA 
> 
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