Pillaging the Average American: Wall Street Paying Back Bailouts with Bailouts. Total Bailout Package Ceiling of $14 Trillion Yet Focus Only on TARP Repayments in the tens of Billions.

Reposted from: http://www.mybudget360.com/pillaging-the-average-american-wall-street-paying-back-bailouts-with-bailouts-total-bailout-package-ceiling-of-14-trillion-yet-focus-only-on-tarp-repayments-in-the-tens-of-billions/

December 15, 2009 @ 10:16 am

There is also this convenient avoidance of fact that some $14 trillion in bailouts have been made to banks and Wall Street. The TARP repayments amount to a few hundred billion, no small amount, but a fraction of the real cost to the American taxpayer. The average American has benefitted very little from the corporatocracy handout to their banking colleagues.

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