Geithner Plan Will Rob American Taxpayers
Posted in AIG, Bailout, Banks, Economy, Finance, Government on Mar 25th, 2009
Category Archive for 'Banks'
Taxpayers Robbed of $10 Trillion for Bailout
Posted in AIG, Bailout, Banks, Barack Obama, Detroit, George W Bush, Government, Politics, Presidential on Feb 10th, 2009
The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.
The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years [...]
Rise, Taxpayer! Enough is Enough!
Posted in Bailout, Banks, Detroit, Finance, Fraud, Government, Politics on Jan 23rd, 2009
Thank heavens for the inauguration of President Obama. Were it not for that convenient joyous distraction, there might be taxpayer riots in the streets.
Or at least there should be.
The past week has revealed some remarkable shenanigans emanating from Wall Street, Washington and Detroit.
Business as usual, you might say. But these misdeeds are getting more and [...]
Obama Administration Ready To Save Banks, Screw You
Posted in Bailout, Banks, Economy, Finance, Government on Jan 21st, 2009
The Obama administration is reportedly considering several fixes for the banking system. Unfortunately, none of these include the most important step: writing down the value of bank assets to nuclear winter levels. And most of them include the wasting of hundreds of bilions of taxpayer dollars to bail out bank stakeholders.
In other words, these [...]