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Secret and Lies of the Bailout | Politics News | Rolling Stone
Secret and Lies of the Bailout
"It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you'd think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we've been told, but the money has all been paid back, and the government even made a profit. No harm, no foul – right?Wrong."
Read more: Secret and Lies of the Bailout | Politics News | Rolling Stone
Follow us: @rollingstone on Twitter | RollingStone on Facebook
Secret and Lies of the Bailout | Politics News | Rolling Stone
This is a lengthy read, but a real eye opener. Do yourself a favor and read it.
Are all bankers crooks?
Were we honestly advised by our gov't officials?
Is it too late to prosecute?
The Federal Reserve CORPORATION increased its deposits over $1 trillion as a result, are they part of the deception?
Does the $1.4 trillion deposited in the FED allow them to lend $14 Trillion to purchase US Treasuries?
Secret and Lies of the Bailout
"It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you'd think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we've been told, but the money has all been paid back, and the government even made a profit. No harm, no foul – right?Wrong."
Read more: Secret and Lies of the Bailout | Politics News | Rolling Stone
Follow us: @rollingstone on Twitter | RollingStone on Facebook
Secret and Lies of the Bailout | Politics News | Rolling Stone
This is a lengthy read, but a real eye opener. Do yourself a favor and read it.
Are all bankers crooks?
Were we honestly advised by our gov't officials?
Is it too late to prosecute?
The Federal Reserve CORPORATION increased its deposits over $1 trillion as a result, are they part of the deception?
Does the $1.4 trillion deposited in the FED allow them to lend $14 Trillion to purchase US Treasuries?