"A child's learning is the function more of the characteristics of his classmates than those of the teacher." James Coleman, 1972

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.

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