Showing posts with label tax payer bank bailout. Show all posts
Showing posts with label tax payer bank bailout. Show all posts

Thursday, November 03, 2011

Wall Street Bankers Not Jailed, But Forced To Pay Investors

Occupy wall street protestors are protesting many things, among them are the bailout of the wall street banks by the government after causing the housing collapse in the United States and serving no jail time for it.
According to Wikipedia, The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush, on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crises. Read More...
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Thursday, September 18, 2008

The Sky Is Falling On The American Financial Sector

Who would have thought that something as innocent as trying
to deceive the American people into thinking that home ownership
was increased by their administration would have caused such a
horrendous downfall of the American financial sector. One minute
the politicians are telling us, vote for me, I will lower your
taxes and increase home ownership. The next minute they are
taking billions of dollars of tax payers money to bailout
failing, once wealthy and powerful, financial institutions.
READ MORE HERE...