Drudge Retort: Red Meat for Yellow Dogs

That $10 billion is evidence of their magic trick. For we the taxpayer gave Goldman Sachs the following:
10 Billion in TARP
11 Billion from the Fed
30 Billion from the FDIC
13 Billion from AIG
For a grand total of almost $70 Billion (Goldman along with every other bank and AIG would have been defunct without this money).
Goldman at the apex of the crisis is delivered this money -- which they then use to borrow against at $20 or $30 for every $1. Which at 30x equals $2.1 trillion in available capital.

Liberal Blog Advertising Network

Menu

Subscriptions

Author Info

JimmyWallback

MORE STORIES

Special Features

Comments

Admin's note: Participants in the discussion of this weblog entry should note the site's moderation policy.

No corporation should be able to operate in this fashion, and as they have been permitted in the past to do.
This is a national security issue, and should be viewed as such by everyone.
To be able to manipulate a nations entire economy, to the detriment of hundreds of millions, even billions of people.

No corporation, or collective of corporations, should be capable of this.


Ever.

Post a comment
Comments are closed for this entry.
Drudge Retort

Home | News | Comments | User Blogs | Nooner | Back Page | RSS Feed | RSS Spec | Copyright 2009 World Readable