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To: Perdogg

Tarp wasn’t intended to save banks. It was created to use the power of government for stealing from the working class to give to the elites.


7 posted on 09/13/2013 12:44:50 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: freedomfiter2
Tarp wasn’t intended to save banks. It was created to use the power of government for stealing from the working class to give to the elites.

The banks are the elite. The money had already been stolen one mortgage at a time, one crappy mortgage-based-security at a time. TARP was the sting part of the scam, when the government had to create money to cover up the original theft - and the bankers got most of that too.

The direct effect was to appear to save the banks from the bust, the indirect effect was to cover up the regulators' and legislators' malfeasance in setting up the boom. That the dollar will be trashed is an unfortunate side effect. Luckily, the elite now have the means to cope with the falling dollar.

So, I agree with you, just differ on the wording.

11 posted on 09/13/2013 1:05:40 PM PDT by slowhandluke (It's hard to be cynical enough in this age.)
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