[quote=ucodegen]
Considering that our current national debt stands at $14 trillion (total for all presidents past and present), how do you come up with $16 trillion being given to the banks? Any facts or referring documents to back up your contention? Do these numbers factor in money that was paid back to the fed?[/quote]
The Federal Reserve conducted a massive, $16 trillion stealth bailout of the banks while everyone else was left to fend for themselves. No we know why Government Sachs employees are able to give themselves average salaries of $700,000 per year. It’s because those salaries are actually paid by taxpayers.
To put the size of the bailouts in perspective, JPM received a $390 billion bailout. That is almost 3 times their current market cap. Could you imagine if all homeowners received a bailout that equaled three times the cost of their house? There would be so many cries of socialism from the hypocrites in the criminal bankster class that you wouldn’t be able to hear yourself think.
