Can … Should … there be another bank bailout?
Date: 2011-10-05T07:53:59.523
Author: Angie Pratt
Byline: Editor
Editor note: The answer that the global bankers keep coming to is that they want the US taxpayer to save the world. And ... of course ... my world they mean their world. The one which has them on top. Another bailout is what they want. Will they get it?
Number of Views: 453
Don’t get me wrong … the banks are getting a steady stream of money fed to them by the Fed and the Treasury daily.
That aside … the question is … can the Fed/Treasury (Fedury) pull off another overt bank bailout in broad daylight?
A TARP II wouldn’t make it out of the gates without some real lowdown, dirty politics. MSM leveraged wedgies aside … I don’t know anybody who wants to help pay bonuses to banksters again. No liberal. No conservative. No pro lifer. No NRA member. No UAW worker. No Fox newsie. We know what the 99 percent’ers occupying Wall Street today think about that idea.
Now of course in broad daylight presupposes that the Fedury wouldn’t dare give this much money without taxpayers knowing it. Right? Remember … they only owned up to a lot of sweetheart loans and guarantees they made secretly when they sorta, kinda audited the Fed earlier this year.
Geithner has trotted around Europe talking big. Suggesting that Europe should do what he did (notice I said “he did” and not “we did”) which was print money. Inflate those debts away. Mighty big talk for a bankster in politician’s clothing. Somebody needs to fire this guy. Now. Today.
And then there is Ben. Biased to the core toward his personal stakeholders, the Fedury to date has decided in the banks favor every single time. Like a rigged roulette table, the Fedury picks its winners while everybody else loses out. Will Ben go all in? Will he calculate that it’ll work this time versus reserving some mediocre of backup plan to keep his institution from being the subject to public pitchforking?
And then of course there is Obama. Winning the election would be a snap if he turned on the banksters. Then again … remember its always the cover up that fails from loose lips that drags politicians down. The dirt on Obama (and all of Washington for that matter) would choke a Mississippi River sludger. He has been involved in extracurricular constitutional breaches.
So … if the Fedury, Obama, Wall Street and all of Washington is actually in favor of giving your money to losers they hold near and dear … what exactly is going to stop them?
That would fall to you and me, my neighbor, your neighbor … on down the line.
We are all that is standing between a redistribution of our wealth to people who made bad business decisions with our money. This isn’t a liquidity problem. It is a solvency. And … we the people who are ultimately the owners demand these yahoos go into involuntary bankruptcy. Let’s speed up the timetable on those mandatory living wills people.
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