Originally Posted by
iceman49
Don't know how true it is, but read somewhere that we (taxpayers) fronted the banks, mort institutions and wall street, 7-9 trillion for the bailout and payoff of all the mortgages would have been 1.4 trillion...interesting numbers if true.
The Fed has refused to make public who and how much they payed out to banks and other financial institutions around the world. Billions did get funneled to foreign banks through the bailout of AIG.
The ruling class successfully extracted trillions from us to shore up themselves. TARP was about keeping bankers in their houses in the Hamptons.