Posted on 03/12/2009 10:10:57 AM PDT by Saint X
Too bad this particular report didn't include an expert that was railing against the TARP (Troubled Asset Relief Program) bailout before it was passed last October. They could have said, "I told you so."
Global banks lending money to other countries including "the playground of the Middle East" may have angered Congressmen, but Lisa Myers investigation didn't point out that those critics of how the banks lent money voted for TARP (Troubled Asset Relief Program) in the first place.
In a segment on March 11 "NBC Nightly News," Myers, NBC's senior investigative correspondent, probed into why three particular banks - Citigroup (NYSE:C), Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) - made loans to overseas institutions, but supposedly neglected domestic institutions.
...more (w/video)...
(Excerpt) Read more at newsbusters.org ...
It’s called money laundering.
Exactly my thought. Of course they would do this. It’s not like feds gave them money to distribute, even though that may really be what they want.
they were trying to make wise investments obviously
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.