General Discussion
In reply to the discussion: Sanders Releases Explosive Bailout List [View all]truedelphi
(32,324 posts)They undertook the hearings of the House of Representatives Oversight committee and brought both Kashkari and Paulson (and then later on, Bernanke) into focus.
Again and again that due said that all that needed to happen was to have the money be diverted to state chartered banks in every region of the country. All that had to happen was to dust off the paperwork from the Savings and Loan scandal, and distribute the money that way.
Following the late 1980's regulations that whatever was loaned out to the banks had to be lao0ned out to the good people of Main Street. instead the monies were given away to such corporations as McDonald's, and of course a very few of the very big banks.
And the Big Banks never loaned any of it out to the good people of Main Street. As a result, one of the few family owned steel mills in the country went under. Here in California, over 100,000 dairy cows were slaughtered during th4e summer of 2009, in just four Northern California counties, which means that the Big Farms owned by Large Agro Interests, and all their mistreatment of the animals will succeed, while the better farmers have perished.