Wednesday, September 16, 2009

Where did all the money go?

Good Billions After Bad

"As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense."

Posted by becky @ 10:55 PM (712 views)
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2 thoughts on “Where did all the money go?

  • Vanity Fair says: Treasury concluded that the task of buying up toxic assets would take too long to help the financial system and unlock the credit markets

    Devo says: Treasury concluded that all the money in the world couldn’t buy up the toxic assets.

    printy printy

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  • Gold hit $1022 today, up again. As people realise what’s happening, gold will slowly rise. No surprise then.

    I wonder who is holding all that dollar debt….oh yes, its the Chinese.

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