Reply #74: Laughably inaccurate and self-contradictory

[HamdenRice]

If anyone wonders why some of us don't take the Obama haters seriously, this could be exhibit no. 1.

As several posters upthread have said, it actually would give this mess legitimacy to refute it point by point, but pointing out a few screamers in it that haven't been mentioned is, at least, entertaining.

"Tim Geitner, president of the NY Fed (the nations largest private bank), appointed Secretary of Treasury"

As bad as Geithner is, the Fed is not the nation's largest private bank except in the ideas of Ron Paul lunatics and right wing gold bugs. It is the central bank of the United States.

"Just like the '29 crash this collapse is intentional"

As already pointed out, this is a delusional interpretation of history.

"they loan the bailout money back to the government as a stimulus package."

And you have evidence that the treasury bills used to finance the stimulus package came from the bailout? That's interesting math. The bailout was $350 billion so far, but the Treasury has borrowed much more than that. Also, the banks have been accused of NOT lending in your post. How could they hoard and lend at the same time?