The pres. said that this is the turning point!!! From this time on, bank executives can continue to repeatedly screw the global public with reckless abandon. The government just proved that not only will the US taxpayers bail the US banks out of the crisis that they alone created....but they are willing to bail out other countries as well.
Now that the means of recovery has been proven by the Banks (ie GOVT) as a success, the banks (ie GOVT) can now get on with the business of extortion, deception and moral decadence that was once considered illegal.
Bernie Madeoff with your money having the full consent of the SEC, congress and nasd.
The general US public still has no clue as to what has transpired in recent years. They will soon increase "investments"into their 401K plans, increase the balances on credit cards, attempt to get one of those phantom "5%" refinancing" loans because the recession is over.
AND THE CYCLE REPEATS...as long as people have money, other people will find a way to screw them out of it....Where one recession ends...another is just beginning.
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