Weren't we told by Bush, Bernanke and Paulson that TARP would purchase these toxic mortgage securities from the Banks and that by doing so we would save the economy. Guess what though they changed their minds after getting their hands on our money and the majority of these assets remain on the banks ledgers. The only thing that changed is that the banks got a new accounting rule, which allowed them to stop marking to market mortgage securities but based on this video its clear that these assets are worthless.
Showing posts with label Paulson. Show all posts
Showing posts with label Paulson. Show all posts
Thursday, September 23, 2010
Tuesday, July 14, 2009
Glenn Beck's Conspiracy Theory About How Goldman Sachs Rules The World!!!
Has Glenn finally gone off the deep end? Is his tin foil hat a little too tight? Honestly most conspiracy theories fall apart once you start looking at the evidence upon which they are based. But I don't think Glenn's theory is a conspiracy but rather a great example of the way things are today.
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