In other words – it’s a terrible deal for the taxpayers, but a great deal for the banks.
I agree, it’s pretty obvious the bankers are writing economic policy. Following that logic since economics is what affects all of our lives the most one could conclude that banks have more power over our lives than politicians, a kind of dictatorship.
When you really think about it, as we watch this unprecedented wave of bankruptcies and foreclosures. Keep in mind, all the money was created out of thin air and the few banks left standing, which Paulson gets to decide, gets to confiscate things of intrinsic value. This is going to be the greatest concentration of true wealth the world has ever seen all from money that was never more the a few electrons on a computer screen. A big pump and dump. The world bank has been pulling this scam on third world countries for quite some time now.
I marvel at the genius of the bankers. All hail your banker masters!
