Tuesday, December 23, 2014

The Greater Abomination: Washington’s Lies About TARP’s “Success” Are Worse Than The Original Bailouts, Part I

Here's the non-esoteric, non-intellectual version of Stockman's insightful article:  the Fed allowed banks to repay their bailout loans by printing up trillions of dollars and giving it to the banks free of charge and risk-free.

Call it Redneck Economics 101, but that's the gist of our banking system.


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