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« DIMON ADMITS: Breaking The Law 'Is A Problem At JPM' | Main | Why Did Goldman And JPM Get Fed Minutes A Day Early? »
Friday
Apr122013

SENATOR: "Banks Still Owe Us For The Bailouts!"

"Hank Paulson is the world's greatest salesman.  We gave $700 billion to Wall Street and nobody cares."

New interview.  Inhofe beats on Paulson.

Luke Rudkowski of We Are Change interviews Senator James Inhofe about his opposition to TARP and martial law threats he received from Henry Paulson.

Not stopping TARP was my biggest failure.

"Think about how big it was -- $700 billion given to an unelected bureaucrat, with no accountability, to do anything he wanted with it.  Can this happen?  It did."

More quotes:

  • The banks still owe us about $250 billion.
  • I'm still mad at all the Republicans for voting for TARP.
  • You're the first person in 5 years that's even mentioned it.
  • That thing was $700 billion, and nobody cares.

 

 

AMBUSH: Paulson Confronted On The Streets Of NYC

 

 

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Reader Comments (9)

Calling it “the outrage of the year,” Inhofe said, “To send our tax dollars to China is inconceivable. It’s hard to believe.” China is estimated to own $1.2 trillion of U.S. debt. The top Republican Senate voice on the environment blasted a $718,000 U.S. grant to China to set up environmental standards there as “inconceivable” at a time of financial crisis.

Right in the middle of this financial crisis, we want the public to know that the Obama administration, through the EPA, is sending millions of dollars to countries like China and India.”

The money was part of $27 million sent overseas by the EPA. Beijing got it to help China research methane in coal mines and reduce carbon emissions, but Inhofe, the chairman of the Senate’s Environment and Public Works Committee says the world’s most populous nation has plenty of its own money to do such things.

Other money that was identified by the House Energy and Commerce Committee included $700,000 to Thailand to recover methane from pig farms, $15,000 to Indonesia for a “Breathe Easy, Jakarta” publicity campaign, $1.2 million to the United Nations to promote clean fuels and $150,000 to Interpol to fight fraud in carbon trading programs.

http://dailybail.com/home/sen-inhofe-its-the-outrage-of-the-year-the-epa-is-wasting-ta.html
Apr 8, 2013 at 4:50 PM | Registered CommenterDailyBail
Inhofe On The Bailouts: 'Champagne Corks Were Popping'

http://dailybail.com/home/inhofe-on-the-bailouts-champagne-corks-were-popping.html
Apr 8, 2013 at 4:51 PM | Registered CommenterDailyBail
Think about it. Where did we get $700B to loan to the Banksters? We didn't have it to loan. We had to borrow it...from the Banksters. Pretty slick eh?
Apr 8, 2013 at 6:23 PM | Unregistered Commenterrobertsgt40
"Think about it. Where did we get $700B to loan to the Banksters? We didn't have it to loan. We had to borrow it...from the Banksters. Pretty slick eh?" rotflmao

There is nothing more pathetic when slave think they are free.

A fortune awaits the U.S. Treasury when the assets of the 911 Neocons and their gangster buddies are confiscated.
Apr 9, 2013 at 1:47 PM | Unregistered Commenterbeijingyank
Each day I study this pile of sweaty bankers with thin neckties and what they actually do, the picture gets simpler, like a box of mewling white mice. Don't try to call on them to save.
Apr 10, 2013 at 12:42 AM | Unregistered CommenterHoward T. Lewis III
That's 5% right 95% by omission.

$Trillions in free reserves at the expense
of everyone else's income from savings.

$trillions in purchases of mortgage securities by Treasury and ongoing by the
Fed for far more than true value, with those going to get walloped by the
0% rates created by the Fed itself to accomplish what I said in paragraph2.

When rates rise, fixed rate debt property falls.

The banks could've been recapitalized w/ or w/o early loss of equity
to the oligarchs controlling the banks. Trillions were transfered or
bestowed by the monopolizing of policy and the dollar. No accounting
means perhaps $trillions left the country. The bankers are the first in line
to buy the properties after the Fed launders the securities.

Health care's now a cartel too.

The cost is made up by privatization. War feeds the monopolies.

You sit in gridlock and watch Earth die.
Apr 13, 2013 at 4:38 PM | Unregistered CommenterBarney Fife
You're a step ahead of me Skin.

That story is next along with a clip that makes the point quite nicely.
Apr 15, 2013 at 1:43 PM | Registered CommenterDailyBail
trying to put out all the middle class everywhere DB.
Apr 15, 2013 at 1:57 PM | Unregistered CommenterSKINFLINT

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