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To: tejek who wrote (285102)10/20/2010 2:32:06 PM
From: Les HRead Replies (3) | Respond to of 306849
 
They probably didn't need TARP. It was a misguided attempt at misdirecting the public on the health of the individual banks. All the other programs from the federal government and the central bank enabled the banks to get funds to pay off TARP. Only a few went into receivership, the GSEs and AIG, and they were used to indirectly bail out other banks.



To: tejek who wrote (285102)10/20/2010 3:14:59 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
No...I'm saying they "saved" the banking industry at the expense of most Americans (starting with those on fixed income and pensioners, then progressing through the middle class). Who won't see it immediately but will over the next decade as a result of loss of savings and purchasing power. But the bankers still have their bonuses and the incumbents still get reelected so all is well.


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