William K. Black Criticizes the Bailout Plan -- Might Destroy the Obama Presidency

Where was our "objective" media in 2004 when the FBI reported this danger, these "liar's loans"? Why didn't our honorable pols look into this--in 2004? Where were the regulators to stop this? Is our government so corrupt that this scandal could not be stopped, even though it was obvious? And: not only that, but we are BAILING the criminals out! Is this a hopeless situation?

What happened at the end?

Trickle up theory, I aggree, just a smaller $ amount.

I am not sure you have. He is 100% correct.

Well running a Unconstitutional institution that perpetuates a growing Ponzi scheme is a job you are right, I admit I'm wrong.

Let me ask, where are the billions of bail out dollars now?
THE CORRECT PLAN: Give $1 million to each legal American taxpayer. Only three conditions.
1. They must pay all of their debt to current status. Credits cards, no balance, mortgage payments paid to date, all other loan payments made current.
2. Buy a brand new AMERICAN vehicle.
3. No ILLEGAL use of the money.

After that, believe me, people will spend their money.

THIS IS THE ONLY WAY TO ENFUSE REAL MONEY IN A REAL ECONOMY!

Geithner HAS run a business. Federal Reserve is a private business.

Not only right wingnuts are saying that. Michael Hudson, Steven Zarlenga, others too

Geithner ran the Fed to benefit Citigroup, Goldman-Sachs, and other commercial and investment banks. Zarlenga is quoted in article by Ellen someone on Germany hyperinflation.
Fed Govt bailout of our PRODUCTIVE economy would be non-inflationary. Hitler did that (before starting wars) he saved econ.
Bailout speculators causes hyperinflation