It’s The Bank’s or Us

The Treasury Department encouraged banks to use the bailout money to buy their competitors and pushed through an amendment to the tax laws which rewards mergers in the banking industry. It went to the very people who engineered the crisis – bankster Ponzi schemers and Wall Street and derivatives traders. “But the TARP bailout is peanuts compared to the numerous other bailouts the government has given to the giant banks,” writes Washington’s Blog. “There are many other bailout programs as well. If these bailouts and subsidies are added up, they amount to many tens – or perhaps even hundreds — of trillions of dollars.”

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