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TARP about to turn a profit for the taxpayer ?!

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szatmar666 Donating Member (532 posts) Send PM | Profile | Ignore Tue Mar-30-10 01:40 AM
Original message
TARP about to turn a profit for the taxpayer ?!
 
Run time: 03:05
https://www.youtube.com/watch?v=quzqnikLRXs
 
Posted on YouTube: March 30, 2010
By YouTube Member: madashelldude
Views on YouTube: 0
 
Posted on DU: March 30, 2010
By DU Member: szatmar666
Views on DU: 459
 
WTF?! The gov is about to profit on the market?! this will blow both Hayek and Marx away! Listening to the left-right noise machine I thought Obama is about to bankrupt this country with his pro corporate socialist agenda!
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dencol Donating Member (297 posts) Send PM | Profile | Ignore Tue Mar-30-10 02:51 AM
Response to Original message
1. Outrageous! Trillions were blown propping up countless markets.
Edited on Tue Mar-30-10 02:51 AM by dencol
And interest rates were dropped to 0 to help the banks at the expense of savers like senior citizens. They will never even get close to paying taxpayers back!
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-30-10 03:34 AM
Response to Original message
2. No, it's not, really
The actual value of many of these banks' shares is zero. They remain "solvent" through massive bailouts and legalized accounting fraud.

You thought Enron was bad when it blew up, now we got the entire government and financial industry doing it.

Who is going to buy these shares and with what money?
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-30-10 04:54 AM
Response to Original message
3. Not even close. But they will pound this lie for a week or two to convince the suckers
that the game is really straight and it's just their bad luck and laziness that caused them to have lost half their life's savings, while the con men running the game are billionaires stealing millions more every quarter.


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