wiseones2cents
Verified User
This is what I heard recently about the Tarp money.
"In three minutes following the failure to pass TARP1 Congress lost forever $1.5 trillion dollars in American assets when they voted but did not pass TARP 1."
How did congress lose 1.5T American assets by not passing TARP 1?
Answer?
Its a fear tactic to get the public to pass the bill and justify the robbery. The money was lost well before that.
How can Tarp money prevent people from losing their assets?
Basically I believe what happened was that the banks were SUPPOSEDLY lending out over their heads. So the major corporations who were pretty much operating on debt(as a result of over expanding and over extending their financial limits), needed more debt to keep operating.
Its the corporations that would have lost the assets. Not the people. Since they wouldn't have been able to afford to maintain their expansions.
Along comes the tarp money. Keeps them afloat and still in business. all thanks to tax payers money....
THIS is what I believe happened.
The thing that bothers me is this. No one ever audits banks, so how would anyone know if the banks are in over their heads? This sounds like a scam to rob the poor guy from their investments and use it to compensate the losses of the rich.All this talk is just to confuse the public and justify the robbery.
Tell me, how do you justify rewarding CO's with millions of dollars in bonuses for driving your company to the ground? They are being rewarded to keep silent.
"In three minutes following the failure to pass TARP1 Congress lost forever $1.5 trillion dollars in American assets when they voted but did not pass TARP 1."
How did congress lose 1.5T American assets by not passing TARP 1?
Answer?
Its a fear tactic to get the public to pass the bill and justify the robbery. The money was lost well before that.
How can Tarp money prevent people from losing their assets?
Basically I believe what happened was that the banks were SUPPOSEDLY lending out over their heads. So the major corporations who were pretty much operating on debt(as a result of over expanding and over extending their financial limits), needed more debt to keep operating.
Its the corporations that would have lost the assets. Not the people. Since they wouldn't have been able to afford to maintain their expansions.
Along comes the tarp money. Keeps them afloat and still in business. all thanks to tax payers money....
THIS is what I believe happened.
The thing that bothers me is this. No one ever audits banks, so how would anyone know if the banks are in over their heads? This sounds like a scam to rob the poor guy from their investments and use it to compensate the losses of the rich.All this talk is just to confuse the public and justify the robbery.
Tell me, how do you justify rewarding CO's with millions of dollars in bonuses for driving your company to the ground? They are being rewarded to keep silent.
