Ratigan On Banks Repaying TARP: Don't Believe The Hype

Video:  Morning Meeting’s Dylan Ratigan explains why some big banks are scrambling to repay their TARP loans before the end of the year -- Aired December 15 -- Runs 3 minutes

Ratigan's en fuego.  No miss.

• "Keep paying your taxes, baby.  Think of Congress as their VISA, and the Federal Reserve Bank as their American Express."

• "The banks might be paying back their billions to Congress but they're still using their American Express over here at the Fed, all day long.  Willy-nilly, in fact.  And the American Express is still in deep usage."

• "They're still receiving $7 trillion in subsidies."

• "It's very impressive that you've managed to exploit the entire financial system, so you could make a bunch of money so that you could pretend to pay it back.  Really, it's clever."

----------

Comments

[DailyBail]

http://online.wsj.com/article/SB126102247889095011.html

Shiite Militants Hack U.S. Drones With $25 Software

--------------

not sure what to say about this...

[DailyBail]

http://online.wsj.com/article/SB10001424052748703581204574599953475913542.html?mod=loomia&loomia_si=t0:a16:g2:r2:c0.0725699:b29402936

As travelers get ready for holiday flights, they might want to skip tucking presents into their checked suitcases this year. That's because baggage theft is on the rise.

----------------

worth a read...

[DailyBail]

http://online.wsj.com/article/SB126100260600594531.html?mod=loomia&loomia_si=t0:a16:g2:r3:c0.0573215:b29402936

Debtor's Dilemma: Pay the Mortgage or Walk Away

In Down Real-Estate Market, Homeowners Are Deciding to Abandon Their Loan Obligations Even if They Can Afford the Payments

[DailyBail]

http://mcconnell.senate.gov/record.cfm?id=320943&start=1

Completely Reckless, Completely Irresponsible

[RecoverylessRecovery]

"Shiite Militants Hack U.S. Drones With $25 Software"

Holy shiite!

[RecoverylessRecovery]

"" http://mcconnell.senate.gov/record.cfm?id=320943&start=1

Completely Reckless, Completely Irresponsible ""


Straight out of The Twilight Zone DB. I read the article and they're basically doing the same thing with the 'health care reform' that they did with the bailouts, namely to rush it thru before anyone can even read it. Truly backwards, incredibly Third-Worldish bullshit that defies any logic or explanation. It's almost like there's a concerted government race on every level seeking to sink this country to Paraguay's level ASAP.

I think they already won.

[DailyBail]

don't quite give up hope...