Your tax dollars at work, Americans: the Financial Times is reporting that some of the world’s strongest banks have used the TAF since 2008 and, overall, more than half the money used was used by foreign banks.
More and more it becomes inescapable that first President Bush and then President Obama were snookered by the global financial industry – led by their American stooge, Fed Chairman Ben Bernanke – in to using the wealth of the American people to bail out banks which made stupid loans and investments. This wasn’t about saving the economy, it was about saving the banksters from the results of their folly. Don’t let anyone get you partisan over this – we were conned in a bi-partisan manner in to helping not just the rich stay rich, but the very stupidest among the rich to stay rich.
Turn off the spigot – no more money for any bank, any where, save to cover accounts insured by the FDIC. Everyone else can just go jump in a lake or, more accurately, in to bankruptcy court.
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