Last edited Fri Jan 27, 2012, 06:24 PM - Edit history (1)
I don't care what narrative any party or media puts on our situation, the bottom line the USG socialized the rich & bankers. Many of the largest companies & their unions got secretly bailed out with a $16.115 TRILLION secret bailout. This was robbed from the citizens over many years as they made bad loans driving down the value of our wages. Those trillions should have been handed out back to the citizens who are the victims of this scheme & not the bankers who caused this mess. The citizens would have deposited this money in the banks or spent it stimulating the economy. At least the money would be in our named accounts instead of the bankers who screwed us in the first place.
Bailed-out Zombie Banks have screwed the people of Japan for 20 years. Now they are screwing US with the same exact scheme. I will not vote for any asshole who continues this policy. This money must be taken back from these companies or give the rest of us the same amount. And don't tell me they paid it all back. That is a load of crap. The Fed's balance sheet is stacked full of bad paper from these corrupt crony capitalist. Paying back $700 billion of $16.115 trillion is not a payback, it just covers the interest they owe us.
Just in case you were wondering: $16.1 trillion divided by the US population is $52,000 each or $160,000 per household. That would have saved most everyone from foreclosure.
Any Freaking Questions????????????????
Source: GAO analysis of Federal Reserve System data. GAO-11-696 Federal Reserve System.
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