Secret Loans To Wall Street
http://news.businessweek.com/article.asp?documentKey=1376-LVDMGO1A74E901-5CG1C7JPCU5J1O688G3J3C73JE
Secret Bank loans….. The way Capitalism is suppose to work. The banks say to keep the government away. Government is the problem not the solution. That is until the free bailout money is needed. Then just pile it high for the Wall Street Fat Cats. No regulations…..No Oversight. Just free SECRET money for Wall Street and friends. And people wonder why “Occupy” Wall Street is going on. Read this article and you will understand why it is going on. Did you get free low interest government loans in the Billions? Neither did any of the protesters….But JP Morgan sure did. Goldman Sachs sure did. Bank of American sure did. That is why they are protesting.
The Fed didn't tell anyone which banks were in trouble so deep they required emergency loans of a combined $1.2 trillion on Dec. 5, 2008
Bankers didn't mention that they took tens of billions of dollars at the same time they were assuring investors their firms were healthy.
Saved by the 2007-2010 bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
Secret Bank loans….. The way Capitalism is suppose to work. The banks say to keep the government away. Government is the problem not the solution. That is until the free bailout money is needed. Then just pile it high for the Wall Street Fat Cats. No regulations…..No Oversight. Just free SECRET money for Wall Street and friends. And people wonder why “Occupy” Wall Street is going on. Read this article and you will understand why it is going on. Did you get free low interest government loans in the Billions? Neither did any of the protesters….But JP Morgan sure did. Goldman Sachs sure did. Bank of American sure did. That is why they are protesting.
The Fed didn't tell anyone which banks were in trouble so deep they required emergency loans of a combined $1.2 trillion on Dec. 5, 2008
Bankers didn't mention that they took tens of billions of dollars at the same time they were assuring investors their firms were healthy.
Saved by the 2007-2010 bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
posted by res17 at
November 29, 2011
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