"We are also supposed to feel good that the vast majority of the Tarp money was repaid. This is another effort to prey on the public's ignorance. Had it not been for the bailout, most of the major centre banks would have been wiped out. This would have destroyed the fortunes of their shareholders, many of their creditors, and their top executives. This would have been a massive redistribution to the rest of society – their loss is our gain."
No comments:
Post a Comment