Thanks Iron Munro:
Posted on 05/04/2019 8:48:11 AM PDT by jazusamo
Socialism-the ultimate 1% system.
Things get ugly when the 99%, who think they wil be that 1% living large, find out that they won't be, and instead live in poverty and misery like the rest of the duped, who voted it (Socialism) in.
The price tag for the Wall Street bailout is popularly put at $787 billion—---the actual size of TARP--the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
I am a struggling homeowner!
Where do I sign up for my luxery cars, booze parties and vacations. It will not pay my mortgage, but ...
BUILD THE WALL!!! There’s plenty of money.
That’s what leftists do. They lie, cheat and steal. Look at Maduro. Look at Castro. Look at Hillary. Look at Bernie. See a pattern? In it for themselves, not the masses as they claim.
Grifters gotta grift
“The money goes to mortgage payment assistance for unemployed or underemployed homeowners, principal reduction to help homeowners get into more affordable mortgages, and blight elimination and down payment assistance efforts. California has received the biggest chunk of money ($2.3 billion)”
The state was sued because they kept the money to fill holes in the budget. Though the Court ruled against the state, the money is still being held by the state. No money has gone to benefit the intended recipients.
Bkmrk. TARP Fraud
Liz, you do a fabulous job. Thank you.
Liz is quite AMAZING to bad the journalists in this country aren’t as talented or smart as Liz we are VERY BLESSED we have her here!!! I have been beyond educated of the facts by Liz!!!
Thanks for this, and the tip about the Charles Gasparino book.
Y/V/W.
Yep. Obama was the single most successful mole to ever infiltrate the U.S. government.
Arrest the scofflaws and seize their ill-gotten assets. Who are the unpatriotic criminals? let’s see names.
Sounds like Biden & Obama are in the Madoff blood line.
Thanks Iron Munro:
Thanks jazusamo.
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