Exposed: Fed Bailout of Big Banks Dwarfs TARP (What Occupy Wall Street is About)

The Federal Reserve gave banks a much larger bailout than the infamous TARP. A Bloomberg report with the details is broken down by Cenk Uygur of The Young Turks. Cenk also explains the relevance to the Occupy Wall Street movement.

http://www.bloomberg.com/news/2011-11...

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  News & Politics

[yortko1]

Maybe they should have let the big corporations fail and give the bail out money to those everyday people who suffered because of their greed. But of-course not, helping thdm rich out when they stumble is fine, it's only "socialism" when the middle-class and below need the help.

[drift13b]

You should do some research on the Federal reserve. You do not know what the crap your talking about. The fed does not, nor has it ever since it's introduction taken tax money, instead it puts money into the government general fed each year. The fed is self reliant and pretty damn good about telling people what they are going to do.

[LordOfTimeAndProg]

What did you buffoons expect? The TARP bailout was a DEMOCRAT bill. Dems: 172 for, 62 against vs Reps: 91 for, 108 against. EVEN OBAMA voted for it, and the only reason Bush signed it was because it was the only option that was allowed to pass through the Democrat controlled Congress.

You get what you vote for. The banks are not responsible for accepting govt handouts. It is the people who put these naive politicians into office who are to blame, and that's the cold hard truth.

[seeker0707]

Who's the dipshit who did the subtitles? lol It's kinda like a really bad version of A Bad Lip Reading. Either they were trying to be funny or it was a really stupid foreigner who couldn't understand shit. lmfao

[yelloyo]

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people. - F A Hayek

[mesaa2]

Oh and I offer to take over the job of the subtitles because like Paulson, Bernanke and Greenspan, they are way wrong - and making me dizzy.

[mesaa2]

Cenk thanks so much for making the bailout clear. This was an awesome analysis of Occupy Wall Street and the fallout of the GFC. Lets not forget all the money made from the property and insurance bubbles in the first place. They should have put the profit back into the federal reserve and maybe the US wouldn't have the collapse of the greenback today. The bailout bubble will be much worse.