Worst example of US Government spending ever:
The +$12 Trillion of Our national wealth wasted on the Bank Bail Outs. Combined with the profits those frauds “earned” and the Fact that our bribed and treasonous government refused to claw that money back using RICO (As they damned well should have, and as Citizens were demanding) there was a massive cost to Our Nation… without Our permission; of which far less than half was ever even mentioned in the “news” media.
Given the opportunity cost of refusing to claw back those profits, plus the direct bail out costs these criminal frauds were given by two sets of bribed and treasonous Congresscritters, I’ve no doubt that the total cost easily exceeds $24 Trillion dollars of Our wealth. Now you know why the middle class is still broke over 9 years later.
And folks actually wonder why the economy is still tanked on Main Street after almost a decade?! Seriously? wow. seriously?
It really is time for a 5 Million man March on D.C. replete with progressive applications of tar and feathers.
If you’re not absolutely outraged, you are not paying attention.
The true cost of the bank bailout.
September 3, 2010
We all know about TARP, the Troubled Asset Relief Program, which spent $700 billion in taxpayers’ money to bail out banks after the financial crisis. That money was scrutinized by Congress and the media.
Open link above for original video…
But it turns out that that $700 billion is just a small part of a much larger pool of money that has gone into propping up our nation’s financial system. And most of that taxpayer money hasn’t had much public scrutiny at all.
According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy. The Bloomberg reporters have been following that money. Alison Stewart spoke with one, Bob Ivry, to talk about the true cost to the taxpayer of the Wall Street bailout.