Image by HM Treasury via Flickr
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The Obama administration's latest attempt to tackle the banking crisis....will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks' books.
Source: My Way News
A trillion here and a trillion there and pretty soon you are talking real money.
The good news is that the Bankers and their political appointments are smiling.
But rather than buy bank junk, it seems to me that the federal government would be much better off buying the good assets of the banks. This suggestion might seem like good business practice. However, it doesn't support the banking interests that actually control this country.
It is interesting to see how much the political puppets will spend in supporting socialism for the super rich. All of this while the country is in the midst of economic collapse.
If you ever had any question as to who actually controlled the United States, you shouldn't now.
Source: My Way News
A trillion here and a trillion there and pretty soon you are talking real money.
The good news is that the Bankers and their political appointments are smiling.
But rather than buy bank junk, it seems to me that the federal government would be much better off buying the good assets of the banks. This suggestion might seem like good business practice. However, it doesn't support the banking interests that actually control this country.
It is interesting to see how much the political puppets will spend in supporting socialism for the super rich. All of this while the country is in the midst of economic collapse.
If you ever had any question as to who actually controlled the United States, you shouldn't now.
