Posted on 07/23/2012 10:06:55 PM PDT by Kartographer
The government’s special inspector general in charge of oversight of the Troubled Asset Relief Program (the “TARP” bank bailouts) – Neil M. Barofsky – wrote a stunning editorial for Bloomberg yesterday, concluding:
Americans should lose faith in their government. They should deplore the captured politicians and regulators who distributed tax dollars to the banks without insisting that they be accountable. The American people should be revolted by a financial system that rewards failure and protects those who drove it to the point of collapse and will undoubtedly do so again.
Only with this appropriate and justified rage can we hope for the type of reform that will one day break our system free from the corrupting grasp of the megabanks.
(Excerpt) Read more at zerohedge.com ...
mark
National Debt. To whom do we owe it? (5 parts)
http://www.youtube.com/watch?v=30-WtZTH06o&feature=related -—part 1
http://www.youtube.com/watch?v=zS2ZiDjZsF0&feature=relmfu ———part 2
http://www.youtube.com/watch?v=LeX4mc1JUmk&feature=relmfu -—part 3
http://www.youtube.com/watch?v=k3ZIXkWcoUI&feature=relmfu -——part 4
http://www.youtube.com/watch?v=AqOzXzAvlKE&feature=relmfu -——part 5
All Free Market Conservatives agreed to let the chips fall where they may. But we were told that certain institutions were “too big to fail”.
I’m already there. I already lost faith in big government. I already deplore the captured politicians and regulators, and I am thoroughly revolted by the financial system. I felt this appropriate and justified rage when they started discussing TARP/Bailout, because this was the obvious and natural outcome to an intentionally and inherently corrupt process that was being proposed even before McCain suspended his campaign to return to DC for the “crisis”.
I transfered all accounts to my mattress long ago.
Nothing is going to change as long as the is cable TV to keep the masses entertained.
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