Simply Politics & News

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When tarp money was getting poured into the market to prop up stocks, "I mean companies?" who received tarp, the feeding frenzy got underway. If we go back in time when Paulson, Cox, and Bernake went before the Senate banking committee with Cox adding that there was a huge problem with naked short selling of CDS's, only after the horses left the barn, and only after this meeting did Cox place a ban on short-selling within the financial sector, and "only the financial sector", which only lasted "until Bernake was given approval giving Paulson the go ahead to crank up the printing presses in the order of 2 trillion. Who said 2 or yet 3 heads weren't better than one to undertake the biggest money heist in American history?. All done legally without the Fed or Treasury having earned one dollar of it, it was just taken. The American peoples outcry fell on "deaf ears".

The question begs how many of those that received tarp, and we still don't know all who did, are reaping the benefits on the back side having accounts with these offshore hedgies?. Nothing has changed, as its been since, and up till now business as usual. The American people have to be looked at (by them) as the chumps who got snared, not hooked, but hasn't this almost always been the case?

Paulson stated the American people were already on the "hook!". Even though the American people did not create this it was their responsiblity to cover for those rich bastards. He didn't quite say this, but this was the fact regardless. The American people got hooked for sure after the Senate Banking Committee gave them their blessings. Goldman was just one of the players richly rewarded, and they had zero money loaned out in residential loans.

3 days after this the ban was lifted. . Its never stopped since.

Read on :
http://money.cnn.com/2010/04/01/markets/hedge_fund_manager_pay/index.htm?section=money_latest