What are they doing?
$13 trillion......That is quite a load of money! This
is the amount of the tarp and tarp 2 money that has been set aside to
be dished out to banks that made bad investments. This is the money that
was supposed to fix our economy. So, hows it going? Helicopter Ben
Bukkake err Bernanke is ready to get another "bailout" rolling as I
write this. GDP is growing at less than 1%, unemployment keeps climbing,
and consumer spending is nonexistent. So what happened? They screwed
the pooch and they did it on purpose!
You see...A bunch of banks decided to give mortgage loans to people who couldn't afford them. As
soon as the loan was created, they sold it to another bank. The banks
that bought these loans combined them into funds and sold shares of
these funds. This is called a derivative! This
gave banks incentives to make more and more bad loans since they
assumed no risk in them. Once people can no longer keep their head above
water, they get foreclosed on and the fund that their mortgage was a
part of loses value. Enough people default on their loan and the fund
becomes worthless.
They did this a lot with adjustable rate mortgages. I had a bank try to do it to me. I was going to buy a house
for $68,000 because I sat down with a calculator and that was what I
could afford. The bank tells me that they will not give me a loan for
less than $85,000 because they don't make enough money on it and that I
qualified for up to $115,000. How is that possible? I know how much I
make and what I can afford. They did too! They didn't care because as
soon as that loan was on paper, they were going to sell it. I said no!
There is no way I am going to bury myself in debt so a broker can get a
5% commission.
Anyway, when the rates adjusted, there was a huge amount of people who could no longer afford their homes and the bubble
burst. What was Washington's answer? Reward the banks and let the poor
people become destitute people. What could they have done differently?
Here is the answer:
In 2009 there were 236 million tax returns filed in the US. If the government and the "federal" reserve had given
each and every taxpayer $20,000, it would have cost $4.072 trillion.
What would people have done with this money? Catch up their mortgage and
renegotiate their rate? Mortgage crisis solved. Pay off credit cards?
Credit crisis over. Buy a car? No need for an auto industry bailout.
Start a small business? Unemployment rates get a boost...Whoa!!! That
would have fixed the whole "crisis" for just over a quarter of what they
have spent to date. For
what they have spent, they could have given everyone $60,000. It's your
money since you, your children, their children, and their grandchildren
will be saddled with the debt for eternity.
What did Obama, your government, and the privately owned "federal"
reserve have to say about this idea? They said it wouldn't work because
Americans can't be trusted to do the right thing with their money!
That's right folks....The government thinks you will buy twinkies and
crack......Or they knew it would fix the problem and that wouldn't fit
their agenda!
You be the judge. Either way, I'm pissed and you should be too.
Check out my new site at TacticalEdge.org for free Army field manual downloads, videos, pictures, links, and blog.
is the amount of the tarp and tarp 2 money that has been set aside to
be dished out to banks that made bad investments. This is the money that
was supposed to fix our economy. So, hows it going? Helicopter Ben
Bukkake err Bernanke is ready to get another "bailout" rolling as I
write this. GDP is growing at less than 1%, unemployment keeps climbing,
and consumer spending is nonexistent. So what happened? They screwed
the pooch and they did it on purpose!
You see...A bunch of banks decided to give mortgage loans to people who couldn't afford them. As
soon as the loan was created, they sold it to another bank. The banks
that bought these loans combined them into funds and sold shares of
these funds. This is called a derivative! This
gave banks incentives to make more and more bad loans since they
assumed no risk in them. Once people can no longer keep their head above
water, they get foreclosed on and the fund that their mortgage was a
part of loses value. Enough people default on their loan and the fund
becomes worthless.
They did this a lot with adjustable rate mortgages. I had a bank try to do it to me. I was going to buy a house
for $68,000 because I sat down with a calculator and that was what I
could afford. The bank tells me that they will not give me a loan for
less than $85,000 because they don't make enough money on it and that I
qualified for up to $115,000. How is that possible? I know how much I
make and what I can afford. They did too! They didn't care because as
soon as that loan was on paper, they were going to sell it. I said no!
There is no way I am going to bury myself in debt so a broker can get a
5% commission.
Anyway, when the rates adjusted, there was a huge amount of people who could no longer afford their homes and the bubble
burst. What was Washington's answer? Reward the banks and let the poor
people become destitute people. What could they have done differently?
Here is the answer:
In 2009 there were 236 million tax returns filed in the US. If the government and the "federal" reserve had given
each and every taxpayer $20,000, it would have cost $4.072 trillion.
What would people have done with this money? Catch up their mortgage and
renegotiate their rate? Mortgage crisis solved. Pay off credit cards?
Credit crisis over. Buy a car? No need for an auto industry bailout.
Start a small business? Unemployment rates get a boost...Whoa!!! That
would have fixed the whole "crisis" for just over a quarter of what they
have spent to date. For
what they have spent, they could have given everyone $60,000. It's your
money since you, your children, their children, and their grandchildren
will be saddled with the debt for eternity.
What did Obama, your government, and the privately owned "federal"
reserve have to say about this idea? They said it wouldn't work because
Americans can't be trusted to do the right thing with their money!
That's right folks....The government thinks you will buy twinkies and
crack......Or they knew it would fix the problem and that wouldn't fit
their agenda!
You be the judge. Either way, I'm pissed and you should be too.
Check out my new site at TacticalEdge.org for free Army field manual downloads, videos, pictures, links, and blog.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"cheeki kea Marjory is in a daily battle with Democrats on the hill constantly coming up with more…"
The Saga of Joe Adams May Have Solved What's Behind the Numerous Disappearances Going on in our National Forests
The year is 2023 in September. A nature’s photographer and experienced survivalist, Joe Adams…See More
Aron Siri's opening statement, Senate Hearing on Covid Vaccines, May 25
Opening statement Aaron Siri, Managing Partner, Siri & Glimstad, L.L.P.Senate Homeland Security and Governmental Affairs, Permanent Subcommittee on Investiga...
"A smidgeon of facts have come to light. In English a misspelling suddenly occurred where an extra R…"
The Cancel Culture Vulture
Better to shut them down than hear their point of viewCancel culture coming after youHelping to…See More
The Fingerprint
The Fingerprint On a dance with the unpredictability of the signals you sendA solemn pact with my…See More
The Roots of Freemasonry (royales, ancient bloodlines, & end times chronology) w/Gary Wayne
👕 Merch from "The Deep End": https://www.livenotdie.com/thedeep-end🎧 Taylor's DAILY mindset podcast: https://open.spotify.com/show/1SW0ofWSXsmJZDnqKYTpRG?s...
"Bullets can be effective in reinforcing ownership."
Trump Receives Marching Orders
Netanyahu has made 3 visits to the White house since Trump's second term as President of the United…See More
Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This
"Omg. The Ben Shapiro voice that Luke is imitating here couldn't be any more comedic to…"
Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This
Get the magnesium your body needs - https://wearechange.shop/product/magnesium-glycinate/Ben Shapiro Just LOST HIS MIND — There's No Coming Back From ThisHig...
© 2025 Created by truth.
Powered by
