Ratigan Calls Obama On Pushing The Big Tarp Lie

[Reform]

http://www.youtube.com/watch?v=c2_ahbfyUws

Jan.29, 2010

I tried to post the vid in the vid section but it would not let me post it
I hope the prez is listening
Ratigan is speaking the truth here

[Union Yes]

1. DR was f'n brilliant tonight! knr nt

[Wilms]

2. Ouch. n/t

[truedelphi]

3. The situation as Ratigan is describing is a horrible situaution.

everything that Ratigan is saying over at this video
http://www.youtube.com/watch?v=c2_ahbfyUws

Is very true.

And are we really supposed to be so naive as to believe that the Congress and Senate, now about to see even more immense monies offered to them as last week's SCOTUS decision offers to them - are we really supposed to believe that these Corporate Whores will enact legislation to tamper with what Ratigan rightly calls the "Big Money Machine?"

Probably that financial regulation will not occur in my lifetime.

[TheWebHead]

4. that $23.7 trillion figure is extremely deceptive

It assumes 100% default and all underlying assets on those loans being valued at $0. You could make the same argument on a mortgage to suggesting that with the same formula (100% default on $0 underlying value) every bank in this country is bankrupt.

If you see what has occurred with the war on the banking system posture initiated after the Brown election w/ the bank tax that would aim to collect $90 billion over 10 years, we've seen equities decline nearly 7% in 10 days, evaporating about $2 trillion in wealth and subsequently $300 billion in potential capital gains tax revenues.

[lib_wit_it]

5. K & R! SO why doesn't Obama want to end all the giveaways to the banks?