Now we are doing it again, under new president, with same disastrous results.
Bush had bank bailout, Now Obama has his bank bailouts, again, then AIG for insuring the banks (which embarrassingly gave lots to overseas banks and its ceo/worker bonuses), then GM and Chrysler, again, who are now going bankrupt, again.
The fed provides the money, backed by gov bonds, which are now downgraded as bad investments.
Mitchel's quote, if we knew the truth, there'd be a run on the bank. Priceless!
The Fed is a private bank. They dont have to tell you shit about anything they do. Stossel needs to dig deeper into the Federal Reserve System. I guarantee he will not like what he finds.
As I have always suspected. Democrat run congress, limited intelligence, easy access, spend, spend, spend.....with out accountability. If i take a loan out all my history is made public and i have to sign my 1st born male child... what the F---!
you have to blame Frank more than Bush
ConorJNixon 4 months ago
AUDIO, PEOPLE! learn to adjust your levels, attenuate the volume!
kiltedfrank 2 years ago
Now we are doing it again, under new president, with same disastrous results.
Bush had bank bailout, Now Obama has his bank bailouts, again, then AIG for insuring the banks (which embarrassingly gave lots to overseas banks and its ceo/worker bonuses), then GM and Chrysler, again, who are now going bankrupt, again.
The fed provides the money, backed by gov bonds, which are now downgraded as bad investments.
Mitchel's quote, if we knew the truth, there'd be a run on the bank. Priceless!
EuphemiseThis 2 years ago
this is Capitalism no bailout for anyone companies that fail fail for a reason.
emforty2 3 years ago
The Fed is a private bank. They dont have to tell you shit about anything they do. Stossel needs to dig deeper into the Federal Reserve System. I guarantee he will not like what he finds.
WSOR4025 3 years ago
John Stossel ROCKSSSSSSssssss!!!!!!!!!
unodepoalli 3 years ago
it didnt restore confidence because you took OUR money........YOU GOVERNMENT COCKS!
girzwald3 3 years ago
Madoff ran with the Money or Bernie Madoff's Friends and Homies ran with the bailout money
Dook6 3 years ago
As I have always suspected. Democrat run congress, limited intelligence, easy access, spend, spend, spend.....with out accountability. If i take a loan out all my history is made public and i have to sign my 1st born male child... what the F---!
kpatte1957 3 years ago
A phone and 5 staff members can do a lot of things. Like ordering pizzas.
We're in trouble, aren't we.
j95lee 3 years ago