AM I THE ONLY ONE COMPLETELY FRUSTRATED RIGHT NOW?

 

According to Treasury Secretary Henry Paulson, the chief proponent of the big bank bailout, flooding the banks with taxpayers’ money was supposed to get them to start lending freely again. And that, in turn, was supposed to stabilize the markets and prevent the downturn from being worse than it otherwise would be.

Given the way, that is, that Paulson had decided to use the first installment of the $700 Billion bailout money to recapitalize banks instead of buying up their toxic securities, which he had then sold to Congress and the American people as the best and fastest way to get the banks to start making loans again, and help prevent this recession from getting much, much worse.

(Stowers Translation: give banks back the money they lost

through greed, corruption, arrogance, & incompetence)

HERE’S THE BANKING INDUSTRY’S DIRTY LITTLE SECRET:
THEY HAVE NO INTENTION OF USING THE BAIL OUT MONEY TO MAKE NEW LOANS OR HELP PEOPLE IN FORECLOSURE.

The real issue is that banks continue to refuse to lend money to consumers who so desperately need it and who just bailed out their greedy rear ends.  Instead, it’s business as usual.  The level of greed, stupidity and arrogance is stunning for a bunch of people who just drove the rest of the world to the edge of financial oblivion. You can’t get 10 cents from a bank right now.

HERE’S WHY:

 

I personally believe the banks that had received money are holding on to most of it so they could buy out other banks that might fail down the road.

GREED…GREED…GREED

Personally, I feel sorry for President Obama because his administration is left to clean up a HOT MESS!  Please continue to pray for our President and his cabinet.