Points To Ponder
By Daniel at 17 March, 2009, 10:38 pm
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UPDATE: The latest news with regards to TARP # 1/$ 700 BILLION AND THE
TARP # 2/$ 2 TRILLION; All to be paid back by Tax Payers in this
generation and the next few generations.
TARP # 1:
The Tarp # 1 Program/ $ 700 Billion has a ZERO/$0 Balance. Poof!!!!!!
* I watched on Public TV Station Channel 20 last evening here in Chicago
a interview with Nancy Pelosi conducted by a BBC news Anchor. And one of the questions during the course of this interview directed to Ms Pelosi was
in regards to the whereabouts of the Tarp # 1 monies that again amounted
to $ 700 Billion, Ms Pelosi, replied “we just don’t know where the money
went to!”.
* Also, last week a Senate Sub Committee formed to inquire with the Banks
as to what they did with the Tarp # 1 monies of $ 700 Billion; the Banks
actually did reply during this Committee meeting by stating “we don’t know
where the money has gone to nor where its at!”.
The Tarp # 2 Program/$ 2 Trillion has now also a zero/$0 balance! Poof!!!!!!
* Mr Geithner has already dispersed these monies ahead of the rumors of
FED regulations/laws to be put into place to regulate these same monies.
I doubt the new laws/supervision for Banks will be retroactive!!!!!!!!!
A side note to the Tarp # 2 Program/$ 2 Trillion:
Chicago Suntimes Article Page 3; Dated 3/17/2009;
TITLE READS: CHICAGO-BASED HEDGE FUND RECEIVED $ 200 MILLION OF AIG’S
BAILOUT BUCKS
Excerpts from this same article:
Citadel, like other hedge funds, borrowed securities in attempts to increase
profits from trading strategies. It was among the SMALLEST of the AIG recipients.
The LARGEST was Goldman Sachs at $ 12.9 Billion!!!!!! The disclosure will
raise further questions about the Government’s decision to bail out AIG,
as former Treasury Secretary Henry Paulson used to run Goldman Sachs!!!!!!
*****Well, how about that a small insight into the ongoings of Wall Street/Banks; Mr Geithner had worked for Mr Paulson @ Goldman Sachs!!!!!!!!
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