OUTRAGE: Even if banks repay TARP, they are still making huge amounts of money in our expense.
By Daniel at 9 December, 2009, 1:29 pm
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100 cents Timmie got the Big O some more money to give away to the richest Americans.. I cannot believe how much control Wall Street has over Congress… It is shocking… Elizabeth Warren was on CNBC this morning explaining that even if banks repay TARP, thus enabling themselves to pay themselves humongous bonuses (made with our money), they are still taking taxpayer money in the form of taxpayer guarantees and using it to make huge amounts of money and pay themselves even bigger humongous bonuses.. In other words, the banks can issue debt for much lower costs because of our guarantees and then take that cheap money and speculate it in the market… These people - Fed, Treasury, Congress, SEC, etc. are absolute money-grubbing ho’s and criminals… it is terribly disheartening to see this @#$%&!.. if you played by the rules, lived within your means, etc., you are getting absolutely screwed by the Fed (no interest on your money in the bank, higher tax rates to pay for the give-aways to the rich, etc. etc.)….
- sdraziw
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