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Home › Forums › Financial Markets/Economics › Obama Goes All Out For Dirty Banker Deal › ucodegen wrote: Geesh, I get

August 26, 2011 at 8:02 AM #724679
DomoArigato
Participant

[quote=ucodegen]
Geesh, I get real tired when I keep hearing that the banks were the main problem. They weren’t. They did screw up, but it also cost them. [/quote]

Unfortunately, it didn’t cost them. The Fed gave the criminal banksters $16 trillion so they could cover their losses.

No one else who screwed up got anywhere near this kind of bailout. All of that $16 trillion went to Obama’s criminal bankster buddies like Lloyd Bankfiend (CEO of Government Sachs) and Jamie Dimon (CEO of JPM).

If the banksters did actually have to pay for their mistakes, both Government Sachs and JPM would be bankrupt. Unfortunately, taxpayers had to pay for their mistakes instead and are left to try and pay down a $14 trillion deficit created by the bailout of the criminal banksters.