The O.W.S. occupy movement writers indicate that the credit crisis is courtesy of so much wealth gone to the few. Of those few, even less give it away (as in threefold community "gift money") and no pollies dare to tax it back,..
Well that's Democracy for you.
But what would it take to fix the budgets of P.I.G.S. and USA - a commitment for austerity? -
Yes, not for the poor but austerity for the rich.
Showing posts with label wall street. Show all posts
Showing posts with label wall street. Show all posts
Saturday, November 19, 2011
Thursday, March 31, 2011
TARP = FED FUNDING FOR GLOBAL CORPORATE RAIDING
TARP = FED FUNDING FOR GLOBAL CORPORATE RAIDING
Crash the markets, daddy fed says heres the $ clean up!
And they did!
Check out the assets under management for the banks before and after the GFC!
2009 was a bumper year for bank profits and for bonuses!
TARP , supposedly to save the markets, effectively just another wall street tool to plunder the unwitting globally and scoop up stressed assets at cents in the dollar.
p.s. To clearly state it, TARP was a funding lifeline, credit when no-one else could get it, even as life support, allowing the Banksters to buy up big at GFC terrorised pricing for all the asset classes in the World. It was inconceivably profitable, all Wealth for Wall Street!
Crash the markets, daddy fed says heres the $ clean up!
And they did!
Check out the assets under management for the banks before and after the GFC!
2009 was a bumper year for bank profits and for bonuses!
TARP , supposedly to save the markets, effectively just another wall street tool to plunder the unwitting globally and scoop up stressed assets at cents in the dollar.
p.s. To clearly state it, TARP was a funding lifeline, credit when no-one else could get it, even as life support, allowing the Banksters to buy up big at GFC terrorised pricing for all the asset classes in the World. It was inconceivably profitable, all Wealth for Wall Street!
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