and America takes another one in the........
rlmorel pitchforks and torches in anybody’s future?
...he had to repay all those overseas donations he got during the elections......
No surprise there...if you go back and look at the bailout threads from 2008 and early 2009, you’ll find that many of us strongly suspected that much of the $$$$$$ was being sent to Europe and China, which is why the Treasury Department and Federal Reserve insisted on complete secrecy and acted guilty as sin about it.
and America takes another one in the........rlmorel "....twice what France spent on its entire program and half the money Germany put into the financial system, with much of the U.S. money going to AIG's partners in Europe."
RE: Congressional Oversight Panel
I figuresd it did..
Dudge: NEW WORLD ORDER: BAILOUTS HELPED FOREIGN FIRMS... APNews - DRUDGE ^ | 8/12/10 | MARCY GORDON
WASHINGTON (AP) - The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries' financial rescue plans did on the U.S., according to a new report from a congressional watchdog.
Billions of dollars in U.S. rescue funds wound up in big banks in France, Germany and other nations.
. . . . Those were our tax dollars. WHERE is the outrage?
I’ll several billion made it into a Swiss account owned by Obama!
Anyone still think that Washington DC doesn’t need a complete cleaning?
Hey remember when nwo was a wrestling event
Not to mention $182 Bilion down the AIG sh*thole
I hate to rain on everyone’s parade, but:
The federal reserve printed the excess dollars and kept the interest rate too low for too long.
That made obtaining leverage in dollars cheaper for everyone, everyone in the world, whether they were in Oshkosh or in Munich.
In other words the fed’s fuel, the fed’s inflation, the fed’s balloon was not just domestic, it was exported as well.
We - through the facilities of the federal reserve and the functions of our currency in international markets - exported our debt driven, cheap credit driven economic bubble, as much as we used that bubble, domestically ourselves.
So, the “assets” - the cheap, inflated dollar based assets - affected by the whole thing were NOT restricted to only our own domestic retail banks, and liquidity questions arising from the crisis in their value - when the bubble burst - were not limited to such questions on the part of domestic institutions but could be found where ever we (the fed, the money supply, international finance) had exported the bubble to.
Washington thinks we are all idiots out here in flyover country.
I want a new Tammy Wynette song,
“I*M*P*E*A*C*H.... becomes final today”
LLS
Cash For Clunkers also helped Toyota, Honda, Hyundai, and VW more than it helped us. Some success story.
ugh
Take it from me, Palin isn’t a good choice for the GOP in 2012. Liberals and socialists had a hayday with her. A way better choice is Ron Paul or another paleoconservative or constitutionalist.