Posted on 09/05/2010 9:07:24 AM PDT by Dubya-M-DeesWent2SyriaStupid!
U.S. taxpayers gave $300 billion to bail out U.S. banks, which ultimately helped rescue foreign banks in a globalized system.
(Excerpt) Read more at marketplace.publicradio.org ...
With all of the corruption this article was never posted are talked about...
The GOP had better put this on their CONTRACT WITH AMERICA
They better also cut off the U.N. as being our dictator
http://www.georgewashington2.blogspot.com/2010/05/american-taxpayers-have-been-bailing.html
This is old news.
The US sold overseas banks mortage backed securities that were susposed to be triple A rated. ie the mortgages were susposed to be worth something. When they turned out to be worthless everyone was burned including the foreign banks. if the US did not pay up for the worthless securities — then the whole international system would have imploded.
Hey Al, assclown, those foreign central banks secretly "stuffed" half a trillion dollars worth of their currencies in US pockets, at the same time.
(Of course, the Fed won't tell Congress or the TARP overseer - let alone the American people - who got the cash).
First, this was the Fed, so TARP dollars (and Congress) were not involved. Second, the foreign central banks got the cash, morons.
Yes but it is now time for The democrats and Obama to deny deny deny...
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