Glenn Beck: Where is AIG $$$ going?


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GLENN: You know what AIG is? It's a money laundering system and the government is -- they're a bunch of gangsters. It's the mob. That's what it is. They're just, they're using AIG to funnel money so you don't really notice. If you would have let AIG collapse, then the government wouldn't have had to bail out all of these other companies. But because AIG didn't collapse, they can funnel money -- we're just giving money to AIG. That one damn company, why are we -- we're saving that company. Why? We shouldn't have saved that insurance company. No, no, no, we're spending money -- how much money have we put into AIG and how much money has gone to American banks? Do you know how much American money has gone to American banks? Take a guess, Stu. To AIG, how much money have gone to American banks? How much of that has gone to American banks?

STU: Half?

GLENN: Okay. 44, $44 billion has gone to American banks. How much has gone to foreign banks?

STU: More than $44 billion?

GLENN: $58 billion.

STU: How did I know that?

GLENN: $58 billion has gone to foreign banks. Now, why isn't America outraged by that? Because America doesn't know that fact. America isn't talking about that fact. If we would have let AIG fail, then these other banks would have had to come to us and said, hey, what are you going to do on these. And we would have then had to have the discussion, do we send money over to France, do we send money over to Germany, do we send money over to England? And that we couldn't have won. The people in Washington, they would have never gotten that past you.

STU: We're not that into stimulating.

GLENN: We're not that into stimulating. We're not into shifting wealth from our continent to other continents.

STU: That's where we draw the line.

GLENN: That's where we draw the line.

STU: Of all the stuff we do, that's where we draw the line.

GLENN: So what do they do? They save AIG. They give $44 billion to American banks, $58 billion to foreign banks. Why do they say they have to do that? Because there are contracts. These are contracts. They had a contract with AIG. They can't break that contract. $58 billion goes to foreign companies in foreign lands. $165 million goes to executives. Now everybody's outraged. How dare these people take a bonus. Well, let's do the genealogy on that bonus, shall we? Let's go back in a time tunnel... tunnel... tunnel... tunnel. How did we get these bonuses? Why do we have them? Why are people paid these outrageous bonuses? Oh, I remember. Because congress said these salaries for some of these executives is outrageous and you shouldn't pay these people this outrageous salary; that's not right. But companies like AIG and CitiBank and everybody else paid, had to, had to pay people or they wouldn't get the best people.

Now, the argument is, "This is the best people." Really? AIG went under? AIG is a gigantic corporation. Most of its divisions were profitable. Most of the divisions were worth a lot of money and making a lot of money. One or two of its divisions failed. Who's running that now? The federal government. Who's running the failed part? Who is now running AIG? Somebody that congress put in. What laws are they living by? They are living by the bailout laws. Who wrote that? Barney Frank and Chris Dodd. Chris Dodd is proud that he wrote it. In it there's a specific date. Bonuses and contracts must be honored if they were signed before this date. These contracts were signed long before that date.

Now, there's a couple of ways we're going to go on this. Barney Frank once again is saying, "This is outrage, there should be some oversight." You wrote that! If you didn't want to pay those bonuses, you shouldn't have written that into the bailout bill. By the way, the Fed has known and has been studying these bonuses for a very long time. Congress has known about these bonuses since the getgo and there's been a debate inside congress and the Fed and the treasury and the White House for months. The Fed has come out and said there's no way -- after studying them, there is absolutely no legal way we can take those bonuses away. They must be paid. Remember, requests this is an outrage. We shouldn't be paying any of these people any of this money." This was said 10 years ago. So congress says, "You can't pay them; it's got to be a certain salary cap, it's got to be all this blah, blah blah.

What happens? Because the companies have to pay people money to be able to be competitive, they come up with a bonus scheme so people are paid very little but then get a bonus at the end of the year. They're not paid like you. It's not like -- it would be like if you were working all year -- let's say you make $50,000 a year. You made $1 for the whole year and at the end of the year they give you $50,000, or $49,999, okay? That's the way it works on the Wall Street and in the banks because... they were trying to avoid all the hassle with congress!

So now imagine you've done your job, you have a contract, and the person that's supposed to pay you $49,999 comes to you now and says, "You're not getting anything but that dollar." Now, I know the numbers are different, but the concept of the principle that we have a deal is not. We have a contract. How is this solved? If you have a contract, how is this solved? This is solved through Chapter 11. When you let a company fail through Chapter -- there's Chapter 7 and there's Chapter 11. Chapter 7 is, "We're closing the doors; we ain't ever opening up again." Chapter 11, "We need to reorganize." Why? Because we have contracts we can't afford.

So then the judge comes in, the bankruptcy judge and says, okay, these contracts, you're going to have to slash this, you're going to have to slash this, you are going to have to put this aside, you're going to pay this one overtime. That way the company can get back on its feet. But no, no, no. Congress doesn't want anyone to file Chapter 11. Chapter 11 is the way that companies reorganize, change their contracts, fix the problem and do it all legally and orderly. But because that just can't happen in today's world, Paulson and Bush and Barney Frank and Chris Dodd, they decide to bail out AIG, and they decide to write in there that contracts will be honored.

So now they're making a big deal out of $165 million in contracts that they knew they were going to have to pay, they left that in there, there's no way out of that unless you allow the government just to make up rules. Contracts are no longer valid, if the congress decides they are not valid.

Let me ask you this: What does that do to contracts? You see the slippery slope? What does that do to contracts? If the government doesn't have to honor my contract, do I have to honor a contract in the other direction? Do we have -- I'm sorry. I seem to remember George Washington and the pesky Constitution, that everybody abides by the law. "Oh, no, we don't do that anymore. We pick and choose around the laws. If one's convenient, one's politically correct, we can just enforce some laws and not others so we become a society where we can enforce this contract but not that contract, we can enforce the GM contracts. Oh, the union contracts? Oh, no, no, we've got to have the union contracts. We could never come in and bust up the union contracts. Of course not, that's crazy. That's an ironclad contract. But the AIG contracts, oh, those people are just evil. They're bankers, you know."

We have become a respecter of people and not of laws. Meanwhile Barack Obama is going to be on the Jay Leno show this week. Why is he on the Jay Leno show this week? He's on the Jay Leno show this week to feed you more cake, to show you another circus. We are facing some of the biggest problems, and the media is right in bed with the government. They are not telling you -- they are not doing their job. There is -- of course, of course the New York Times gets this wrong.

I got up this morning and I thought Grassley, who said the people at AIG should commit Harry Carey, he wasn't joking. He was serious. They should commit Harry Carey because there is no honor. Well, wouldn't it be nice if there was some honor... Senator. There's no honor there. Okay, no honor there. Hmmm. The New York Times says we have to honor these contracts because if we don't, these are the people that can come out and they will know how to dismantle it on the outside and they'll take AIG down and we'll lose all of our investment. Of course the New York Times thinks that we should deal with terrorists. Of course they think that we should give in to the demands of people who are extorting money from us. That's completely consistent for the New York Times. They've made it about extortion instead of the rule of law. How could all of this have been avoided? Chapter 11. Time-tested, mother-approved Chapter 11. And now what they're talking about is going in, just put into either the House or the Senate a bill to tax these bonuses now, 95%, that the -- a special law, a special law just for AIG executives, and there's no outrage on the street at congress. A special law. After you've made the money, they will pass a bill to then go back and reach back into time and take that money from you. You tell me I'm crazy that the government is out of control. You tell me that I'm crazy because there's no common sense whatsoever.

When Bevan Cooney — the former "junior" business partner to Hunter Biden and Devon Archer — went to jail in 2019, investigative reporter and New York Times bestselling author Peter Schweizer thought he'd never gain access to the damning emails Cooney had promised. That all changed three weeks ago when Schweizer was given complete access to Cooney's gmail account.

Schweizer joined Glenn Beck on the radio program Tuesday to describe just some of the business deals revealed within these emails — like Hunter working with an alleged Russian criminal and with Chinese communists to secure their assets, or to secure one-on-one time with his dad, then-Vice President Joe Biden. And all of this new information is completely separate from the emails allegedly discovered on Hunter Biden's laptop recently reported by the New York Post.

"So, I want to make this clear. This [Cooney's emails] has nothing to do with what's on the laptop … It didn't come from [Rudy] Giuliani. It didn't come from anybody else, right?" Glenn asked Schweizer.

"That's absolutely correct," Schweizer confirmed.

He briefly explained how Cooney, a former Los Angeles nightclub owner, is currently serving a prison sentence for his involvement in a fraudulent business bond scheme with Biden and Archer. From prison, Cooney gave Schweizer written permission to access his Gmail account.

"This is really important," he noted. "We're not looking at printouts. Not looking at PDFs. We're actually in his Gmail accounts themselves, sifting through these emails. And there's a shocking amount of information about deals involving China, involving Russia, involving all sorts of things they were trying to pull off."

Watch the video below to catch more of the conversation:

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The king of "No Spin" and bestselling author of "Killing Crazy Horse," Bill O'Reilly joined Glenn Beck on this week's podcast to talk about the latest developments in Joe Biden's Ukraine and China corruption scandal. Now that some of the details are finally coming out in the open, does the average Democrat care? Maybe, but the Left doesn't seem to.

O'Reilly argued there's more hatred for President Donald Trump now than in 2016, and that some people hate President Trump so much that they'd rather vote for the "senile, corrupt" Joe Biden.

"Hunter got tens of millions of dollars from Ukraine, from Russia, from China because his father was vice president. I have no doubt in my mind," O'Reilly said. "But the hatred for Donald Trump overrides that in the minds of millions of viewers. They're saying, 'You know, we'd rather have the senile corrupt guy than Trump.'"

Asked by Glenn if any other Republican running for president would be met with the same level of vitriol, O'Reilly answered, "The Left is the Left. They don't like America. The want to redo the Constitution. They want to take some of our freedoms, like the Second Amendment and the First Amendment, and change them. And they want to destroy capitalism and replace it with a big centralized government in Washington that controls the economy … but I'm talking about the folks. I have liberal friends and I say to them, 'Do you not understand that when you vote for Biden, you're voting against your own self interest?'"

Watch the video clip from the full podcast below, or find the full episode HERE:

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In a phone call with his constituents, Senator Ben Sasse (R-Neb) unleashed a torrent of criticisms about President Donald Trump, saying he "flirted with white supremacists," "kisses dictators' butts," and "spends like a drunken sailor."

On the radio program Friday, Glenn said he was disappointed in Sen. Sasse for apparently forgetting all of President Trump's accomplishments. Because, in reality, Trump has accomplished a lot more than many presidents before him.

Then, for anyone who may have forgotten President Trump's achievements — or who simply hate the man so much they've ignored them — Glenn listed just some of the many things this president has achieved during his three and a half years in the White House.

Watch the video below to hear Glenn's message for all the Trump-haters who have forgotten Trump's accomplishments, or you can read Glenn's list HERE:

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President Trump has given us great judges on the lower court, 3 judges far superior than Roberts and other bogus constitutionalists as SCOTUS and one just may turn out to be another Clarence Thomas. He kicked the ass of ISIS and came home.

He got us out of the disastrous Iran deal, killed their head of terror, boxed them in and is currently collapsing their economy while also brokering a Mid East peace deal that everyone said could never happen. He moved our embassy to Jerusalem despite the state department, something no president has done even though they all promised.

Yes, he met with the North Korean Dictator. I hated that, but I also hated the fact that no other president did anything and North Korea kept gaining power. He has gotten Europe to pay their share of NATO, brought the Arabs and the Jews together, while smashing the choke hold of the PLO, and stood up to the Chinese instead of selling them supercomputers (Clinton), accepting lead poison in dog food (Bush), or loving the CCP and taking millions in dirty money (Obama/Biden).

He also has defended religious liberty unlike any other president at least in the last 100 years, and is a true pro-life advocate that unlike most republicans backs it up with action instead of just talk.

President Trump has also opened doors that the GOP was too wussy to even try to open with Hispanics and Blacks. He again didn't pander. He instead cleared the dead wood and opened pathways up so they could get higher education, create jobs, and not get lost in the prison system.

He also has defended religious liberty... and is a true pro-life advocate.

President Trump also took on an economy that had been beaten down, a people who had been told "you didn't build that" and, in fact, Obama and Biden claimed that the economy was "as good as it would ever get," that we would never create jobs in sectors ever again.

President Trump gave us the lowest unemployment rate since 1969 (the year I celebrated my 5th birthday,) the lowest unemployment for Hispanics & Blacks ever, and the first real growth in pay that I can remember.

President Trump then responded to the largest pandemic in 100 years by doing a couple of things I have never seen a president do:

  1. America's biggest capitalist shuts down the entire economy and knowingly puts his re-election at risk in order to save people.
  2. Closes travel with China and Europe, only to be called “racist," "xenophobic" and accused of stirring hatred. Now everyone says they were for it, but he stood alone and took the heat.

When everyone bashed him because they thought he would seize control and become an authoritarian by telling states what to do, or taking control of companies and telling them what to produce, he simply asked the free market to step to the plate, because he trusts the people of this country to do the right thing. By not taking control, he was called a dictator and a Nazi. Meanwhile he has been blamed for the blood bath created by Gov. Cuomo's nursing home policies. They said 2 million would die, best case scenario 200,000 — if we did everything right. Gee, seems that we are now in the time period they told us would be phase two, it seems as though we seem to have hit that "best case scenario" at this point.

While all of this has gone on, President Trump has fought the lies that were started by Hillary Clinton's team to smear him as a Russian operative. It was enabled by the Obama White House and included the DOJ, CIA, Dept of State, FBI, and DNI. Did I leave anyone out? Oh, yeah we are now getting evidence that members of the Pentagon may have been involved as well. Not to mention the so-called "press" and Congress who did things that would embarrass not only "Frank Underwood" but also Kevin Spacey. He has single handedly exposed the press for who they are and have always been. Because of his tweets, personal style and frankly balls of steel, he has exposed those who truly are: "Enemies of the people." I hated that when he first said it, but it is true. Any person or group that knowingly lies to destroy our president, our Constitution and the free market, are not just enemies of the people, they are enemies of the freedom of all mankind.

As someone who didn't support President Trump at first (and that is putting it mildly) I remain honest enough to judge him on his entire record. He is perhaps the only man in America that can and has stood entirely alone, surrounded by enemies, surrounded by those who took an oath to protect and defend the Constitution, who are now actively engaged in destroying it and any elected president who stands in their way.

Personally, I have grown sick and tired of spineless, do nothing, old, corrupt GOP politicians who are either part of the problem or too frightened to stand alone and speak up. The vast majority are all "Sunshine Patriots." History will condemn those who did nothing but complain and whine, while others not only rang the bell, but stood and took the hits, who risked it all and lost money, reputation and perhaps, God forbid, some who gave the ultimate sacrifice to fight the evil that rages so clearly against the light.

100 years from now history will judge all of us. So will our children's children. Most will be forgotten. Those who failed to show up on the battlefield or cower in the trees, will be remembered with shame and disdain. Others like President Trump, I believe will be seen as indispensable.