Go Back   David Icke's Official Forums > Main Forums > Today's News > Finance

Reply
 
Thread Tools
Old 13-02-2009, 11:41 AM   #1
waronyou
Senior Member
 
Join Date: Oct 2008
Posts: 417
Likes: 0 (0 Posts)
Default Financial Meltdown: The TARP Dog and Pony Show

Financial Meltdown: The TARP Dog and Pony Show
Treasury Secretary Timothy Geithner's long-awaited plan for rescuing the banks left people even more confused about the Obama administration's agenda than they had been before the announcement. This is best demonstrated by the plunge in the market, including bank stocks, that immediately followed. While it is generally foolish to assess the merits of a policy based on the market's response, it is a safe bet that if the plan were the unambiguous bonanza for the banks that many of us feared, bank stocks would rally based on their good fortune. At this point, we cannot be sure that it is not a giveaway, but apparently the banks do not seem to think that it is. This is one of those cases where everything will depend on the details, which we have not yet seen.

The one program that Geithner did outline with some clarity was a plan to buy up newly issued investment-grade securities backed up by car loans, credit-card debt, and student loans. This plan would expand a Federal Reserve Board initiative, which has not yet been started, from $100 billion to $1 trillion.

http://waronyou.com/topics/financial...-and-pony-show
http://waronyou.com/topics/the-spy-f...thought-police
waronyou is offline   Reply With Quote
Old 13-02-2009, 10:50 PM   #2
jesuitsdidit
Senior Member
 
Join Date: Jul 2008
Location: reading 'we r entering ice-age' chart in nick clegg's pyramid davidicke.com/ showthread.php?t=115401
Posts: 17,784
Likes: 130 (77 Posts)
Default

heard Sir Simon Jenkins on news tonight
said- 'the money shd b goin into the economy where it can do some good not the banks who've cocked evryting up'

makes sense 2 me..
__________________
Death Penalty now Valid in Europe http://www.davidicke.com/forum/showthread.php?t=135044 posts 3 & 4
Thatcher ruined the banks. "DoD has lost $2.3 trillion." - Donald Rumsfeld Sep 10th, 2001.
http://jesuitsdidit.blogspot.co.uk/ Salt & Veg cure Cancer. BROWN'S THE ONLY ONE WHO'LL STAND UP TO THE NWO
- eric jon phelps is king!! and i am now the guardian of Haiti.
jesuitsdidit is offline   Reply With Quote
Reply

Bookmarks

Tags
tarp

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 10:59 PM.


Shoutbox provided by vBShout (Lite) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.