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| Topic: DOES ANYONE KNOW WHERE THE BAILOUT $$ WAS SPENT AND ON WHAT | |
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Edited by
franshade
on
Mon 12/22/08 10:26 AM
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Where'd the bailout money go? $350 billion later, banks won't say how they're spending it
http://www.sun-sentinel.com/news/nationworld/politics/wire/sns-ap-meltdown-secrets,0,7346296.story Financial institution recipients are not sharing any information, does anyone really know where this money went and on what it was spent on??? |
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I don't...yet, I am sure that it all went to improve the corporations that deserved it! I know that the money would NOT have been given out with no means of accountability as to its use...I mean really...I highly doubt that any of the corporations that got a piece of this pie have any intention of not being 100% transparent with their use of the money that the government gave them to use... I am sure that soon..very very soon...we will see a detailed report of all the improvements and processes that helped the American people by spending these billions and billions of dollars!! *footnote: please make sure all the sarcasm dripping from this post did not ruin your keyboard. |
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I don't...yet, I am sure that it all went to improve the corporations that deserved it! I know that the money would NOT have been given out with no means of accountability as to its use...I mean really...I highly doubt that any of the corporations that got a piece of this pie have any intention of not being 100% transparent with their use of the money that the government gave them to use... I am sure that soon..very very soon...we will see a detailed report of all the improvements and processes that helped the American people by spending these billions and billions of dollars!! *footnote: please make sure all the sarcasm dripping from this post did not ruin your keyboard. *absolutely*  Read that article and wondered, to get a loan the banks want your DNA, first born, collateral, etc., yet upon receiving millions/billions they don't track nor keep information on expenditures... hmmmmm |
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There is no money. There is only a loan created on paper between the Federal Gov. and the Federal Reserve.
The Federal Reserve then determined how those figures were to be divided between the National Banks. The Banks then make a bookkeeping adjustment, adding a figure to the books. Those CORPORATIONS, that needed the money, then signed a contract - which ended up being a bookkeeping adjustment adding another figure to the accessibility of the corporation. Of course, since the banks suddenly have so much more recoreded in thier books, there are more "invisible" funds available for those WHO NEED IT, to get a low percentage loan. No money was created, none is in our pockets, the only money that actually changes hands, are the tax dollars that come out of your pay. Supposedly to offset the loan the govt made from the Federal Reserve. So YOU/WE are paying so that the corporations can remain in business and YOU/WE can continue to by cars, to shop at Walmart and to get loans the interest of which belongs to the banks. The bailout was to protect our "way" of life by protecting the corporations. See the picture - I'm thinking barter system for the future. With my current economic status, I have found great pleasure in bartering. Of course having a wide diversity of friends helps and networking is a great option. NO - it may not get you a luxery car or a big screen tv, but my car runs fine and I don't watch tv. We really need to get back to basics, but can deny ourselves the THINGS, the TOYS that make us slaves to our jobs? |
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Salon has a great article on this subject.
The facts are that who is bailed out and why they are chosen is secret...that's right...it's our money and we are not allowed to know why it went to who or how it is spent once it's been awarded. Nice eh? I don't suppose any political allies are receiving preferential treatment hahahah |
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Actually I heard the opposite, that the US Treasure did in fact buy stock/shares in each of the banks that were named in the bail out, and that there in fact was monies given to these banks without restrictions on how the monies were to be spent.
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There is no money. There is only a loan created on paper between the Federal Gov. and the Federal Reserve. The Federal Reserve then determined how those figures were to be divided between the National Banks. The Banks then make a bookkeeping adjustment, adding a figure to the books. Those CORPORATIONS, that needed the money, then signed a contract - which ended up being a bookkeeping adjustment adding another figure to the accessibility of the corporation. Of course, since the banks suddenly have so much more recoreded in thier books, there are more "invisible" funds available for those WHO NEED IT, to get a low percentage loan. No money was created, none is in our pockets, the only money that actually changes hands, are the tax dollars that come out of your pay. Supposedly to offset the loan the govt made from the Federal Reserve. So YOU/WE are paying so that the corporations can remain in business and YOU/WE can continue to by cars, to shop at Walmart and to get loans the interest of which belongs to the banks. The bailout was to protect our "way" of life by protecting the corporations. See the picture - I'm thinking barter system for the future. With my current economic status, I have found great pleasure in bartering. Of course having a wide diversity of friends helps and networking is a great option. NO - it may not get you a luxery car or a big screen tv, but my car runs fine and I don't watch tv. We really need to get back to basics, but can deny ourselves the THINGS, the TOYS that make us slaves to our jobs? Standing applause for the best economic post of the year! |
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Edited by
littleredhen
on
Mon 12/22/08 11:36 AM
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Actually I heard the opposite, that the US Treasure did in fact buy stock/shares in each of the banks that were named in the bail out, and that there in fact was monies given to these banks without restrictions on how the monies were to be spent. Since the government has no hard standard to back money, these shares are a loan created on paper, backed by the taxes we are to pay in the future, out of wages that are really just credit points worth only what the government says they are worth. Money is all an illusion. Money is nothing more than credit slips on our labor. |
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Edited by
quiet_2008
on
Mon 12/22/08 11:37 AM
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Actually I heard the opposite, that the US Treasure did in fact buy stock/shares in each of the banks that were named in the bail out, and that there in fact was monies given to these banks without restrictions on how the monies were to be spent. Since the government has no hard standard to back money, these "shares" are a loan created on paper, backed by the taxes we are to pay in the future, out of wages that are really just "credit points" worth only what the government says they are worth. Money is all an illusion. Money is nothing more than credit slips on our labor. that is true all we are doing is delaying the pain with borrowed money that is why I'm against any of the bailouts as Thomas Paine said "If there must be hard times let them be now so that my children don't have to deal with it" (or something like that) |
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Actually I heard the opposite, that the US Treasure did in fact buy stock/shares in each of the banks that were named in the bail out, and that there in fact was monies given to these banks without restrictions on how the monies were to be spent. Since the government has no hard standard to back money, these "shares" are a loan created on paper, backed by the taxes we are to pay in the future, out of wages that are really just "credit points" worth only what the government says they are worth. Money is all an illusion. Money is nothing more than credit slips on our labor. that is true all we are doing is delaying the pain with borrowed money that is why I'm against any of the bailouts as Thomas Paine said "If there must be hard times let them be now so that my children don't have to deal with it" (or something like that) |
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I got a new bra from the bailout.I'm keepin it..
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last week I saw on abc that one of the banks used a lot of the money on employee bonuses.
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Lucky you, CLDM!
 Does this really surprise anybody? This whole deal has had an air of business as usually! This plan for the auto makers is more sensible. Why wasn't this done for Wall St? The Wall St. deal was either brokered, or, lesson learned. I haven't figured which, yet.   We gotta start paying better attention before we get screwed!  
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Its all a bunch of horse pucky.Once I saw AIG execs using the money at the spa ,I just threw up my hands.
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The bailout was intended to help badly managed banks, and put well managed banks at a financial disadvantage.
Like most big government socialist programs it is doing significant harm, while the benefits of the program are questionable at best. Oh, and I think something like $17 billion is going to automakers. |
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but the auto bailout is only to keep them afloat until 3/09, so they can then file chapter 11 (bankruptcy) and reorganize. why not file now?
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Dallas Mavericks owner, Mr.Cuban, has spent his own money to investigate and report where that money is going. Here's the website:
http://bailoutsleuth.com/ Is it a coincidence that he started this website and almost immediately after was investigated by the SEC... "I don't believe in coincidence" Batman circa 2006 |
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It all funded the Republican Party's failed reelection bid! GO Obama!!
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Dallas Mavericks owner, Mr.Cuban, has spent his own money to investigate and report where that money is going. Here's the website: http://bailoutsleuth.com/ Is it a coincidence that he started this website and almost immediately after was investigated by the SEC... "I don't believe in coincidence" Batman circa 2006 Holy Cow Batman - I too dont agree with coincidence, it's quite convenient I'd say |
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Has anyone else reveiewed the link Warmachine put up? http://bailoutsleuth.com/
Very interesting. Thanks wm |
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