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

Dec 17, 2009 at 2:35 PM
DailyBail in Dylan Ratigan, TARP, bailout, banks, banks, dylan ratigan, dylan ratigan video, goldman sachs, tarp, video, video, wall street

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."

----------

 

Article originally appeared on The Daily Bail (http://dailybail.com/).