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Reply #53: If the money was paid back as you say, then...umm... WHERE IS IT??? [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Raksha Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 11:16 PM
Response to Reply #41
53. If the money was paid back as you say, then...umm... WHERE IS IT???
Who has control of it now? The Fed? The banks? If so, why aren't they lending? If it was paid back, then why the worldwide austerity programs? Why all the cuts in social spending, why the hikes in tuition?

And why the epidemic of foreclosures? The house I'm living in (rented) is in foreclosure, scheduled to be auctioned on December 20th. Although this one is a legal foreclosure due to my landlord's bad judgment, many of them are NOT. A lot of them are blatantly fraudulent. There are instances of people being foreclosed on who have never been behind on their payments.

One of articles linked to the lead article asserts a connection between the bailout and these overnight loans you claim were paid back. The claim is that the banks are basically insolvent "zombie banks." Everything I'm seeing around me both locally and globally supports that claim. It's as though they are frantically trying to replace their hypothetical assets with real ones before anyone notices they are insolvent. But we can't help but notice, because taking those assets out of people's blood.
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