Wednesday, November 30, 2011
How TARP Neatly Covered the Real Bailout from the Fed to the Banksters
Bloomberg News has a story this week that provides the details on the how the TARP provided cover for the Fed to dish $7 trillion to American banks. Cenk Uygur offers the following explication of the article that runs about 12 minutes, along with a nice linkage to the outrage by the 99%. A stunning civics lesson that should lead any citizen with money remaining in these institutions to move it out to a credit union or local bank.