Banks Got Free Money From Fed

[walerosco]

Run time: 06:32 https://www.youtube.com/watch?v=evOzYj5YzDE   Posted on YouTube: August 27, 2011 By YouTube Member: TheYoungTurks Views on YouTube: 2441   Posted on DU: August 29, 2011 By DU Member: walerosco Views on DU: 1210

 
TARP aka bipartisan corporate welfare

[Crazy Dave]

1. He's right

The American people should have been considered "too big to fail" but the government said "fuck 'em".

[BeliQueen]

2. Like others have said...

If the banks didn't want the money, then the government could have given the TARP money to the American people to pay off their debts.

It would have been a win-win situation.

So sad the way things actually went down.

[Amonester]

3. The real question that we almost never hear is:

what percentages of that free money came back into lobbyist firms, and then to...

As long as that problem will remain unsolved, not too many other wrong doings will ever be.

Unless...

[izquierdista]

6. Only a tiny, tiny percent

Politicians work cheap. They are only concerned with their immediate needs, a few million to get reelected and buy some bling. Their brains fog up above $10 million, so they could give away a billion, ten billion, 9 trillion, it's all the same when it gets that high.

[florida08]

4. yes we were

Big investment banks are all interconnected. Wall St. is a shark tank. They swim around looking for injured fish to devour. Short sellers were all over them. But instead of cutting them up they made them bigger. Central banks will always look out for them. Not us. But now so many countries in trouble because people are still not working. Credit is slow and now these leeches who blew up so many economies want serious regs for average borrowers..but are demanding none for themselves. Cannibalism is no way to sustain any economy. We work for the banks not the other way around.

A jobless recovery is just smoke. Companies need us to buy products. They in turn invest. The FED gave all the banksters capital requirements needed for keeping the credit flowing...but they didn't spend it on that. They bought smaller banks for their deposits. They gave out bigger bonuses. Sanders told us the FED gave out 16 trillion without our knowledge. I think that's proof who they protect. Once that runs out what will they do then? They're now investing in stable democracies that are partly socialized and didn't get in bed with them. They're the only ones left that aren't underwater. They're not going to invest in us unless they're made to..and that's not going to happen..although it should have.

[ScottLand]

5. This should be under the definition of the word "schmuck".

We've been royally screwed. And when we call it out, we're denounced as the greedy ones. If there was ever any doubt that the American people have NO say in their government....

[jenb]

7. good to know

very interesting