Wall Street’s greatest enemy: The man who knows too much

[truedelphi]

24. OPh please, yourselfr.

Matt Taibbi makes a good case of how screwn we have been by the Big Policies that Help Out the Criminal bankers. It will take a while to read all his articles, but they are spot on. (Google Matt Taibbi + Rolling Stone)

Also the following sources:

http://www.rawstory.com/rs/2011/07/21/audit-fed-gave-16-trillion-in-emergency-loans/

http://www.projectcensored.org/5-first-federal-reserve-audit-reveals-trillions-loaned-to-major-banks/

http://www.commondreams.org/headline/2011/08/28-3

Although sometimes the money gets paid back, then there are further TARP monies that have kicked in as a reward. (Nice system if you or I could get this in our lives: pay off the massive student debt, and get a tax write off equal to the amount paid. Doesn't happen. The last year this household paid off a student loan, some $ 7,200 worth of payments were made, and there was something like a $ 1,500 refund on account of that.)

Note how Wells Fargo acquired Wachovia (or was it Washington Mutual?) without paying a single red cent - and various tax provisions for doing this helped even more.