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

[usgeneral-2009]

Washington actions have set up the economy for continuing disastrous results for a long, long time. Bailout Bernanke and the feckless Fed now have accumulated over $2.2 TRILLION in debts to bailout everybody but my grandmother (evidently, her check is still in the mail) - but they REFUSE to say where the money has gone. (Bloomberg and other organizations have filed FOIA requests for this info- all have been turned down.) The Fed''s money presses are working 7 x 24 to flood the economy (read that: businesses that made this mess) with dollars. This is a time-bomb that will eventually blow up causing horrific problems.

The $700 Billion TARP has been a total failure - the money has gone principally to Wall Street pals of Paulson (aside from the inept d-crat congress, who couldn''t have seen that coming?) And the marxist drug-addict plans to waste another TRILLION on "public works" - most likely a narcissist''s dream: monuments to himself on every street corner.

And, if you can''t figure out who will actually pay for all this, your head must also be up bailout fantasy land.

What is the "bailout exit strategy"?

"Irrational exuberance" has been replaced by "bailout insanity".

[babooph]

The propaganda system sends one loudmouth stoog after the other out to arn against the govt. owning the companies it funds- in private hands,the CEO S bankrupt them -WHAT COULD A GOVT. WORKER DO WORSE THAN THAT !!!!!!

Just like in Iraq where nobody knows where all of those billions of dollars went! We have a bunch of con artists in Washington, D.C. who can get away with any crime whatsoever.

[noloyalisti]

This is just such a fascist corporate scam THAT I CAN''T EVEN BELIEVE IT. Greed is patriotic, the Republican credo.

[yongamerica]

Seeing as how the US taxpayers are now shareholders, the banks cannot ignore their shareholders demand to see their books.

The manner in which this bailout was a popup emergency and then the relief doled out with such little oversight or rules is an absolute CRIMINAL ACT.

[ramos937]

To Hammy 06......Some suggestions: (1) have your MD friend apply to a local community bank. (2) also have him apply to a credit union that does business loans also. (3) SBA does maintain a listing of banks that are still small business friendly. Go to sba.gov and search for these banks. Good luck and Merry Xmas.

[ramos937]

Since the banks would provide the uses of this bail out money, the following needs to be done immediately:
(1) pay no attention to Paulson. He is looking out for the interests of the banks exclusively. (2) no more funding from the remaining $350Billion no matter the hue and cry. (3) demand an immediate detailed accounting as to where the doled out $350 billion went to and provide a deadline, (4) if the banks do not comply or if the reasons given are not satisfactory, then somehow divert the remaining $350 billion to folks who are behind in their mortgage payments.

[jizzumjim]

this is where irresponsible voting gets you.

[rrozsa-2009]

I don''t care how they spend it, as long as they pay it back! Like that''s ever going to happen.... Sheesh

[slim1h2o]

This country has really gone to he77.......

[random_radar]

Trust me, you are better off not knowing how the money was spent.

And I assure you that quite a bit of that money will find its way back to the congressmen who voted for it.

What goes around comes around, and congress and the bank executives richly deserve the big bonuses and campaign contributions they get for skrewing you over so royally.

[wardoglrs]

LOOT THE PEOPLE.

As the economist Dr. Stuart Crane was fond of saying, Things in the monetary world don%u2019t just happen to happen. They happen because they were planned to happen.

I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power of money should be taken away from the banks and restored to the people to whom it properly belongs." Thomas Jefferson 1743-1826 3rd U.S. President.

By this means [printing money] government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft. John Maynard Keynes 1883-1946 British economist

[brannigon]

WHY ISN''T THE GOVERNMENT DOING ANYTHING ABOUT IT? I DON''T GET IT! THEY GO TO THE GOVERNMENT FOR HELP, THEY GET IT, AND NOW WON''T RELEASE IT OR LET ANYONE KNOW WHERE IT WENT AND WHATS GOING ON WITH IT!!! ITS OUR MONEY!!!!!!

[quickly101]

This country is drowning in a sea of corruption, red ink, and moral decadence. Is there any hope for America?, not really.

[noloyalisti]

Corporate Welfare like this is perfectly fine with the American Sheeple. As long as we don''t give to those who need it. Because after all, it is their fault that the corporations and the rich robbed them, right?

[beowulf39565]

Why after so many spoke out against the Detroit bail did George Bush push it through? Was it because of company named Cerberus Chaired by Bush insider and once Treasury Secretary John W. Snow which owns 80.1% of Chrysler. That stinks a little until you dig deeper and find that Global Investments, Chaired by another Bush crony former Vise President Dan Quayle and led by Cerberus management purchased 51% of GMAC finance in late 2006 at which point it begins to stink a lot. Just who is really getting bailed out? Quayle is also on the board of IAP, and their bread and butter comes from, you guessed it, Gov Contracts. By the way, look the word Cerberus up and you will find it is the name from Greek mythology of a 3 headed dog that guarded the underworld. Sweet!
As far as I can tell Ford Motor that opted out of the bailout doesn%u2019t have a dog in the hunt with regard to these Bush connected investment groups which makes me want to hold my nose even harder than the last time I had to vote for President Bush.
Are you asking yourselves some hard questions right now? I am. I learned of this from Michael Savage on one of the talk radio shows that may soon be silenced by the so called "Fairness Doctrine". I did some research myself as well, links provided below. http://www.cerberuscapital.com/news_press_release.html
http://www.vicepresidentdanquayle.com/biography.html

[hammy06]

Amazing stuff. A good friend of mine graduate and became a doctor this year. With the help of SCORE he put together a great business proposal and has visited 4 banks. Only one of them flat out told him they would not lend. Another simply won''t return his calls. The other two have strung him along for months, consistently saying maybe we''ll know something next week. All four of them said his numbers look good, his plan is well stated, and acknowledged his credit is good. Yet, here it is, almost six months past graduation, student loans ready to come due, and he can''t get a loan from a bank to open a practice.

I feel that we tax payers have gotten hosed by the government and these financial institutions. Congress played games with the auto industry even though millions would lose their jobs should the sector fold. Yet, they couldn''t throw money at the banks fast enough and with no accountability. Why can%u2019t we trust our elected officials to do things in moderation instead of going to extremes one way or the other?

[cariboubarbi]

The Bush administration told us that if we didn''t write them a blank check as soon as possible that it would be "economic Armageddon".

Looks like it was just a last ditch effort to steal more money from the American tax payers.

[generey]

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


Oh my gawd.....This is getting hillarious! Americans are soooooo stupid!