Where'd the Bank Bailout Billions Go?

[albertsneijMD]

American tax payer has no say about how his money is spent, to whom is paid, and how much,

in my dictionary: American taxpayer = SLAVE

Congrats American s

I expect some proud brain washed Patriot will deny that and get OFENDED

please get OFENDED.

[MILISA99]

Where did the 700 billion go? Does Barrack know? Does Joe know? Does Barney know. It has to be somewhere, it can't just disappear. I mean, that is truckloads of money. Where did the trucks go? That much money would probably fill up a football stadium. It must weigh like millions of pounds. If it is lost I am going out to find it and I will be one rich dude when I do. I could like buy GM from the Govt. with that kind of cash. Well, I'm going out to look now, wish me luck. 700 billion, WOW!!!!

[Capone000001]

I read a funny comic of Pearls Before Swine that related to this topic.

Once upon a time there was a CEO who gave home loans to people he knew couldn't pay for them. He made 50 million dollars

People started to lose their homes.

The bank employees lost their jobs.

The stock holders lost their money.

Tax payers had to use their own money and the CEO got to keep his 50 million dollars. He lived happily ever after.

[PhuqueU]

The failing was only on paper, it was a simple embezzelment, and the tax payers had to replace the money. The money went straight into Joe Jew's pocket. Anyone getting sick of this chit yet? Or would you like to bend over for some more?

[racistelvis]

truth!

[Kroger43]

If the banks couldn't prevent problems creating the existing problem why does the Whitehouse think they will solve the problems with more money. All the Whitehouse has to do is stop reading summary briefs and start getting involved with its taxpayers. The Whitehouse is elected to lead and leading requires listening not just to advisors but from the same people who came out and supported him. The journalism was mild citing trivial points.

[intellispeak]

The Democrat Congress passed this bailout. They changed the tax law, IRC Sec. 382, to allow banks to merge with failing banks and use their tax losses for a credits totaling $140 billion in addition to the bail out money. So, the bail out money was spent on mergers to create an oligopoly and get big tax credits for it. Congress pre-arranged this, so they knew all about it. Pelosi and Frank or full of sh** when they pretend that they don't know where the money went.

[racistelvis]

lets find out where the bakers live then go round there & destroy them, their families & their property

[RantVideos]

Good idea. Only it won't be as easy to find them as it was for them to find our money and steal it. They are enemy combatants and want the president to fail that's why they won't hire people or give us loans. We must stop spending money and hide our money in the ground.

[timesplitters333]

sorry 2,3 trillion, but still bizarre that the media is so quit about it!!

[TYX91101]

Silence is expensive.

[luathintinneach]

Bring out the guilotine

[trakkaton]

Banks do not deserve a "bail out", they deserve a firing squad!!!

[Agogaraxis]

where did the money go ? they threw a party thats what!!

[timesplitters333]

Back on September 10, 2001 the Pentagon lost accountability for $3.2 trillion, then the next day 9/11 happened.

Did rumsfeld answer for this...

I dont think so!

[trakkaton]

2,3 trilion.

It's easy to remember, 23, notice?

[mannyfeseha]

help

[sfields619]

billions of dollars are being handed out with no expectations or accountability to companies who actually caused their own fiscal crises. call me crazy but this actually scares me more than any real or imagined terrorist threat. shouldnt we all be afraid?

[FlyLikeAnEagle2012]

Back on September 10, 2001 the Pentagon lost accountability for $3.2 trillion, then the next day 9/11 happened.

Do you think the same people who lost accountability for the $3.2 trillion at the Pentagon also caused 9/11, and that these same people were approved for a "bailout" with our money since the profits from the "war on terrorism" they started didn't go as planned?

[kaiser0soze]

I know the question isn't directed towards me, but if you're asking do we think that all of these problems are being caused by the same group of people, I think so.

[psyco4cp]

the economy in this country can simply be blamed on CORPORATE AMERICA ITSELF it's not like they didn't see that sending jobs to china and mexico would eventually break the american people they simply did not care it was about corporate bottom line not the well being of it's employees or the economy

[BranVam]

Well the thing is that America is generally a free trade nation and supports a global market. The problem for US is that many goods can be produced outside for much cheaper and much better.

[BranVam]

On the other hand if America is truely a free market economy like Adam Smith envisioned - Then the banks and other businesses like auto should be allowed to fail.

[davincij15]

Banks are private industry and they do not need provide any information.

Lets deal with reality here the banks are running the show and they got your money and they will use it anyway they see fit. Don't like it then with draw you money from the bank.

Otherwise smile when the bank dick penetrates you.

Me, I have all my savings out and in gold and silver.

You can't stop the gov and banks from raping and pillaging you but you can prevent them from using your wealth to do it. :)

[FinsterFlummoxing]

Every bank that recieved bailout money is PUBLICLY HELD.

Irregardless of that fact, the government should have made the "bridge loan" contingent upon the fact that they are allowed to insert a CPA into each company to oversee the funds that have been dispersed.

After all, it seems to be a lack of oversight that was part of the reason as to why the banks are in this position in the first place.

[davincij15]

keep in mind it is the monetary system that got us here in the first place. Systemic risk is not possible under a gold standard and individuals doing their own due diligence.

Just like the Madoff scam the hole system is a Ponzi scam that has everyone as a forced player.

First the people go bankrupt that causes everyone else down.

[FinsterFlummoxing]

American's are so stupid! You did the same thing in Iraq and Afghanistan. You gave away millions and millions in cash and never accounted for it. What makes you think you could account for BILLIONS?

This was the world's biggest scam.

This was a way to bailout the rich, let them recoup there losses for their risky avarice driven investments without being held accountable by pooling the money of the working class. You got rooked and there's nothing you can do about it!

[davincij15]

Americans are not stupid they are just trusting. And they refuse to believe that their government does not have their best interest in mind.

One day reality will hit them in the face, that the government exits for it's self and their friends not the people that it governs.

[FinsterFlummoxing]

You're just being kind with regards to their foolish gulibility. It's like their president George W. Bush says "There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again."

Dumb motherfuckers!

[davincij15]

Be nice he did become president. He may not be the sharpest tool but does obey his banker masters.

Dude I use to believe in the fairy tail that government is good just pron to mistakes. It's hard to let go of the warm fuzzy feel that someone is looking out for you, to realize they are raping you since you where born.

[UncleRico13]

I think the point of this video is that the CONGRESS failed to account for the tax payers money which is a clear sign of ineptness.

Had any one of us done something so ridiculous, we would have been immediately fired from our jobs, and probably investigated for conspiracy to defraud.

Government becomes more inept by the day. It's time for the American people to re evaluate what their country stands, because it's apparent that no one seems to know.

[davincij15]

I believe there is some ineptness going on but these people where put there with the help of the companies they are providing bailout for.

It's only fair they do something in return.

[1d1rect]

ANY GUYS UP?

funny video lets chat CQ

[DillonX]

Bush got billions to the top 5% in tax breaks that ended up in off-shore accounts & in Dubai real estate -- WHERE IS THE TRICKLE DOWN?

Now they robbed BILLIONS more & we were supposed to have more "trickle down" - BUT WHERE IS THE TRICKLE DOWN?

FOLKS, THERE AIN'T NO TRICKLE DOWN--IT'S A MYTH!

If you get money to the lower or middle class they spend it & get the economy moving...this trickle down has been voo-doo economics since Reagan.

[eekdog2005]

Your tax dollars...stolen! Remember the politicians who robbed you, vote accordingly. If voting doesn't work, take a stand. Fight these criminals!

[696styx]

Burned

[mike29571]

Agreed WeskJago, here it comes. You have to admire the planning, because if the people resist, martial law comes and they win. If the people do not resist, they win by default. Lastly, they can always use a false flag if needed. I see no obvious way to stop it. Ideas?

[rockhardxrocker]

Hmmm reminds me of what some indigenous tribes did in latin america. The occupying army men thought the indigenous were stupid for joining and thought "fine we'll just use them as cannon fodder, recruit more of them, let them come in" so more and more joined the army. Soon the general realized "oh fuck, there are now a lot of indigenous people armed and well trained". The indigenous people overthrew the army from the inside out, and kept all the new toys they acquired.

[WeskJago]

so! how many people have figured out the government IS trying to pull a 'new world order' plan? if not yet, you've either been under a rock, in denial, or a complete retard.

[voyeurdug]

TARP funds haven't been entirely disbursed. And, it's more unclear where the funds have come FROM than where they've gone to. What's been done with them won't be known until a few more monthly reporting cycles... sometime in late February or early March.

Sooo, asking the tough questions... and expecting precise answers, is pretty-much a dumb-show.

[ksa8907]

well hey retards, all the bailout did was borrow money from banks to lend right back to those banks... thats it. they never ran out of money, they just want to raise hell.

[hamburglerz77]

suckers...never trust any bank. they are in it for the money and not for you. all bankers are con men. even the ones at your local banks. its the blind leading the blind as the wolfs watch.

[ladysweetsky]

POOF!

[breadcrumpsman]

The forbidden usury is the cause ,we must be subjective

[americanmuslimgirl]

It's not that they're evil boogey men, it's just that they'll go on doing business as usual now that they've got the cash... handing out bonuses because that's what they always do... while the rest of us can't find a regular low wage job.

[loerya99]

I agree. I don't think they are evil either, but I do not have much faith in Congress to provide adequate oversight - just like I don't believe the banks will be completely honest about where all the money went. It all seems like political posturing or a superficial blame game of hot potato.

[americanmuslimgirl]

AP, fix the information on the side:

"After receiving $7 billion"

[RustyCyler]

sickening

[unholyiguana]

it went up every banker's ass, they don't even know where the fuck the money went...lmao...yep we might just need a depression to get something done...

[neonkindergarten]

Fucking bankers.

[Davenergy]

Congress rushed into this deal like money comes out of thin air.

[IcyKitty]

*rolls eyes* do you think that this should have been done prior to giving out the bailout?