zermux

TARP Equals Toxic Money

Paulson stated that the TARP money was only for healthy banks. All evidence certainly suggests that he was at best misleading us - at worst blatently lying to us. The alternative would be that the treasury and the FED had no clue about what was going on and have compentency issues.

I wonder if there is any chance of starting a class action law suit against the treasury/Fed for lying to us. At the very minimum there would be an opportunity to access emails and other documents that would tell us what they really thought at the time.

If it turns out that they were merely incompetent then I may be even more concerned about the future.


On Mar 01 05:37 PM Big Al45 wrote:

> Paulson's forced TARP money on banks in an attempt to manipulate
> the market and protect the insolvent banks. He must think that investors
> are really stupid.