They don’t want to cause a bank run on the insolvent banks. Simple as that.
Makes sense, and I hope that’s ‘all’ there is to it, although it’s enough.
This guy could use a roll of tin foil
It is more likely that more than half of that money has been injected into foreign banks to prop them up. They know the American people would go ballistic if they thought we were first investing in banks overseas while our own economy was in a downward spiral.
That make sense. Also explains the hush.
I am not sure from where you think you can draw such a ‘simple’ conclusion but it ignores the law and the recent provisions of the FDIC.
The fact of the matter is there is no oversight set up to monitor the decisions regarding taxpayer’s money. Oversight, although written into law, is not yet assembled and therefore there is no accountability. The ‘emergency’ has blindsided the public and their elected officials. This is indeed unsettling as a minimum.
Unless you have some factual basis (you don’t) to back up your oversimplified post, I will add you to the pile of those that post ignorance and add to that problem.