Appalling! Banks Got $7 Trillion in Secret No-Strings Gov’t Loans
Must-read article by Eliot Spitzer on how banks defrauded the government into giving a whopping $7.7 trillion in secret loans, with no conditions, under false pretenses. That is half the entire GDP!
And that’s OUR money, folks! Bush’s “regulators” let these deals happen with no scrutiny of the banks, and nobody was scrutinizing the regulators.
“If you’re not outraged, you’re not paying attention.” (author unknown)
“Justice, justice shalt thou pursue.” (The Talmud)