I was skeptical about TARP but whether your conservative or liberal, TARP was the lifeline that saved the financial sector. Yes it was big government, but during a time of economic uncertainty, you need big government. If it wasn't for TARP, the US & World economy would have collapsed. For you people who argue big government is bad, well deregulation is the origins of the US financial crsis. No argument there.
The Federal Reserve, like any Ponzi scheme, must have new capital or it will collapse. Higher debt limit merely postpones the inherent collapse. The Fed runs a con game. The FRBNY handled $8.4 trillion from T-auctions last year and hid the profit from Congress. Is that embezzlement? Ref. 3W scribd dot com message 49040689 RIP OFF BY FEDERAL RESERVE
I was skeptical about TARP but whether your conservative or liberal, TARP was the lifeline that saved the financial sector. Yes it was big government, but during a time of economic uncertainty, you need big government. If it wasn't for TARP, the US & World economy would have collapsed. For you people who argue big government is bad, well deregulation is the origins of the US financial crsis. No argument there.
wtong89 3 months ago
The Federal Reserve, like any Ponzi scheme, must have new capital or it will collapse. Higher debt limit merely postpones the inherent collapse. The Fed runs a con game. The FRBNY handled $8.4 trillion from T-auctions last year and hid the profit from Congress. Is that embezzlement? Ref. 3W scribd dot com message 49040689 RIP OFF BY FEDERAL RESERVE
oldereb38 8 months ago
there is a reason tims nose is so big - because he is a bare faced liar
feverpitch82 1 year ago
His facial expression at 1:20 says it all.
I am lying.
beastieboydickie 1 year ago