Godlike Productions - Discussion Forum
Users Online Now: 2,239 (Who's On?)Visitors Today: 1,209,456
Pageviews Today: 2,018,728Threads Today: 799Posts Today: 13,898
08:13 PM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPLY TO THREAD
Subject What was TARP REALLY About???? It stopped the largest act of Economic Terrorism the world's ever seen.
User Name
 
 
Font color:  Font:








In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
Original Message Most people mistakenly think that Wall Street companies started going bankrupt and Bush bailed out his buddies.

The reality is that we were victims of an act of 'economic terrorism.' A country or countries decided to hit the sell button and created a $550 Billion run on our money markets.

This $550 BILLION run instantly and completely froze the credit markets sending companies into instant insolvency. GE had to borrow $3 billion from Buffet just to have working capital to cover expenses like payroll.

Without TARP, the entire U.S. economy would've crashed within 24 and the world economy within 48 hours.

Don't believe me? Listen to DEMOCRAT Congressman Paul Kanjorski tell a Span caller what happened. At about 2:15 he talks specifically about how in ONE HOUR we were experiencing a bank run that would've taken us---and the world---down.



Pictures (click to insert)
5ahidingiamwithranttomatowtf
bsflagIdol1hfbumpyodayeahsure
banana2burnitafros226rockonredface
pigchefabductwhateverpeacecool2tounge
 | Next Page >>





GLP