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Reply #61: it is ... it's collusion of government officials with crooks and criminals .... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 11:30 PM
Response to Reply #30
61. it is ... it's collusion of government officials with crooks and criminals ....
These banks could not have borrowed this money on open market --

they were more than "rescued" -- in fact call was for nationalizing the banks.

They could not have rescued themselves by borrowing -- they would have faced

unaffordable interest rates -- and unaffordable terms.

Bernie Sanders also related that many of these banks then took this 0% interest

money and bought Treasurey securities with it at .035% and .04% interest --

Taxpayers should get back every penny of that, as well --

and the bonus money.


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