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To: woogerbear who wrote (201510)5/9/2009 2:41:01 PM
From: Skeeter BugRespond to of 306849
 
i was referring to the obama / geithner's PPIP.

i believe that the banks will use or create companies that will buy toxic assets from themselves or from other banks.

the banks get the cash, these bank set up holding companies get the trash.

the holding companies explode and the debt get put on the tax payer.

effectively, imho, obama and geithner (actually the banks who *own* obama and geithner) have developed this plan as a more complicated way to off load the bank losses onto the tax payer.

i think they hope this shields banks from criticism when the public eats their trillion dollar sh*t sandwich.

i consider this "money laundering," although it probably doesn't meet the legal definition of such.

if you can stop this raid on the public tax payer - you will be a true hero and patriot as opposed to these greed bag bankers and politicians who commit acts of treason ina sheep suit.

and please sue the fed over the millions their new york fed head made on goldman stock. that's illegal, is it not?

illegal as h*ll.