Haven't heard of this guy before. It really does seem like we were "taken" with the bail out ordinals. One can only hope that Dr. Paul's audit the fed finally gets through the senate.

LOVE THIS! This is the one thing progressives and ron paulers agree on.

BTW, the reason our economy isn't coming back:

1. profit taking and gambling by finance is wiping out any govmnt. efforts in the recovery.
2. exploitive asian labor is wiping out american jobs.

Ya, the more I read and hear from talking heads about the bail out, the more it seems like it was just a swindle. Been hearing that a majority of the bail out money used by goldman shacks was to buy up depressed stocks. Add that in with all the naked short selling and market manipulation that was going on right before the collapse and I feel like something very very wrong was happening.

I have never heard that the TARP money was unused for the first 6 weeks, I googled and turned up nothing. Sounds very much like baloney. Financial institutions were hemorrhaging because their CDOs were worthless and the insurance institutions which had insured these with credit default swaps couldn't afford to pay them back. I can understand how backstopping the commercial paper/money market was necessary, but I can't see how you could have prevented the collapse of banking without the former.