Comments on: Where'd The Bailout Cash Go? It's A Secret

After Getting Billions In Taxpayer Money, Banks Hush-Hush On Money's Fate

[farnorth5]

Well WARDOGyou have it right.Back to school everyone!!!Ever since Confederation,there has been an argument going on behind the scenes.SHOULD THE FEGDERAL RESERVE BE EITHER A FEDERAL BANK OWNED BY THE FEDS OR BE A PRIVATE BANK.On Dec 22,1913 the answer was to make it a private bank,owned 20% by the Feds and 80% by persons unknown.The name was THE FEDERAL RESERVE with the President entitled to appoint Governors for 14 year terms.As this meant the Controlling Interest was in unknown hands several people since then took this question to the U.S Supreme Court.Each time they ruled it was PRIVATE.Nothing has changed since .The Bank is operated for the benefit of the Private Controlling Interests.Sorry to break the news ,but the Public dont count.It doesnt matter who you vote for,unless there is a technical change in the banking system world wide.Most Central Banks are "Private Sector"Fortunately all this info is available on line at such locations as "Federal Reserve U.S." or "Fractional Reserve Banking" .

[u-r-right]

Democrat or Republican. It doesn''t matter. Our government is full of con artists. We need a complete overhaul. Will it happen in our lifetime? It sure seems like their just aren''t enough people in tune with what is really going on. Or is it they don''t care to know?

[renonv5]

The only way these money-grubbing greedy idiots will ever notice the people they are supposed to be working for, is if the money stops coming in! If we, as a people, don''t do anything about it, it will remain the same. It is the definition of insanity: keep doing the same thing over and over and expecting different results.

[renonv5]

Posted by ajc1952 Next time they call, tell them you already paid it all back, it was part of the bail-out package.

[yeswedid]

"Garrett, the New Jersey congressman, said the nation might never get a clear answer on where hundreds of billions of dollars went"

This is enough to make a person physically ill. WHAT THE H*LL IS GOING ON HERE??!! The highest unemployment rate in more than 25 yrs. (people going hungry without heat, etc., etc.) yet these banking officials make off like high-way robbers! As we all just sit back & go on about our lives, turning a blind eye to everything. Like pure FOOLS...

[caldwellptr]

You would think the government would know where the money went. After all, if they can find a money transfer of $5,000 from Eliot Spitzer to the Emperors Club, they can find anything.

[ajc1952]

I as a taxpayer and also a person who is behind in payments to my debtors, get harrassing calls on the hour, every hour until 9:00 p.m. at night when it is then illegal for them to call. I am not trying to not pay these people, but if I tell them I don''t have the money one hour -- what makes them think I will have it the next hour?!? At any rate, I agree with the person who says the money should have went to he taxpayers and not the big corporations who pay their CEO''s outlandish salaries and bonuses, while the rest of the American people -- the ones actually breaking their backs working -- make peanuts. Can the pubic start harrassing them for information concerning the whereabouts of the bailout monies they recieved? Seems only fair and right for them to keep us informed as they want to be kept informed on us, the people they are supposed to be serving. The share the wealth should have been implemented years ago and top executive salaries should have been capped at no more than 150,000 a year. The CEO where I work makes over 800,000.00 a year not counting all the other perks -- WHO NEEDS THAT KIND OF MONEY, while others below him are working at proverty salaries?!?!?

[yeswedid]

What do you think happens when you deposit your check in the bank? Think it sits there and waits for you to come get it? Not hardly, the banks invest it. So starving the vampire as you say would mean closing your bank accounts and using cash only.

Posted by DebinOK1 at 06:43 PM : Dec 22, 2008
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Which we will be getting to soon, hiding $ under mattresses, burying in the back. Circa 1930''s...

[debinok1]

When you buy a stock or a mutual fund or a bond, you''''ve converted your real money into something that isn''''t money, but is an illusion.

Maybe we should just keep our paychecks in real money and starve the vampires.

Posted by jbrown88881

What do you think happens when you deposit your check in the bank? Think it sits there and waits for you to come get it? Not hardly, the banks invest it. So starving the vampire as you say would mean closing your bank accounts and using cash only.

[debinok1]

A full fledged planned depression designed to lower wages, reduce benefits, and scr3w the american workers. While the rich just keep getting richer.

[liberalme]

I''''m a bastward Commie.


Posted by TheMajority1

Good for you, at least you admit to being in the "minority" of the Bush cult!
The first step is admitting the errors of your ways, next is doing something about it.

[zwaggsy]

To endrepubs.

Nice idea, but then how would city traders afford their gold plated, diamond encrusted mobile phones?

Have you no compassion at all?

[generey]

EVERY U.S. FAMILY COULD HAVE RECEIVED $50,000 EACH IN BAILOUT MONEY AND THAT WOULD HAVE REALLY GOTTEN THE ECONOMY GOING AGAIN. THAT WOULD HAVE BEEN MONEY WELL SPENT AND WE KNOW WHERE THAT MONEY WOULD HAVE GONE---BACK INTO THE ECONOMY---NOT SOME SWISS OR CAYMAN BANK ACCOUNT.


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Posted by endrepubs at 05:57 PM : Dec 22, 2008

And STILL have enough to feed the hungry, shelter the homeless and much much more, all in this country. Good luck people!

[zwaggsy]

While the damage these bankers have caused to the world economies is phenomenal, you have to admit these guys & gals certainly know how to look out for number 1.

If they were as patriotic & sensible as they are greedy we''d all be secure home owners by now looking forward to our guaranteed pensions!

[generey]

WAAAAAAAAAAAH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[tnz650-2009]

Now I''m a liberal, but those bashing Bush need to remember the smiling, jovial faces of Barney Frank and Nancy Pelosi when they announced the "deal" that was made to get the Bush/Treasury plan passed. There are plenty of bi-partisan hands in the creation of the bail out plan and plenty of blame on both sides for the fact that it''s all going to pot. I don''t have any faith that the Democrats have the guts to do anything usefull. Republicans are greedy, selfish, hatefull, crooked, SOB''s and the Democrats are spineless, cowardly, mealy-mouthed SOB''s. It isn''t even a question of the lesser of two evils any more. Americans need to stand up and tell Washington that they''re not getting any more bail out money. And we need to put our money in LOCAL banks and Credit Union''s with solid, transparent balance sheets. Anyone who still has money in Bank of America or Chase or National City or Commerce Bank, is a fool. Even if your mega-conglomerate bank doesn''t lose any of your meager deposits, you''re still proping up a flawed and dangerously corrupt financial system.

[indianaman13]

100 senators, couple hundred representatives, 1 president, 1 vice president, less than 30 cabinet members. Less than one thousand people, 1000 people or fewer have caused this country of almost 300 million to collapse, destroy the economy, destroy the global market. 1000 people have destroyed America.

[indianaman13]

You have to wonder- If they are not keeping track of this taxpayer money, how much money are they really keeping track of legally? Any entity that requests and receives taxpayer money needs to be audited completely. Not only the banks, but all upper echelon executives as well. They are the ones who wanted money from the taxpayer, they are the ones who have screwed the economy, the global marketplace. If 100 upper management executives work at each bank, and 21 banks got money, that is only 2100 people that need to be audited. My my, i know the IRS alone could do that tiny group in a couple of weeks. If they say no, what do they have to hide, they are a bank and are subject to laws and regulations. If the Government fails to enforce its own laws, then the government is owned by the banks. Nothing wrong with our democratic government, only the people in control.

[enriquecaliente]

WAKE UP, THE BANKERS ARE THE GOVERNMENT. Each and every politician is in their pockets. We the people are their fodder. We are here to serve them. We are here to die for them. The rich live with their heads firmly up their A$$ets. As long as the people are willing to follow without question, this is what you''ll get.

[inventagod2]

Never

Ever

Let

Republicons

into

Washington

AGAIN!