Comments on: Bank Takeover Artists Benefit From TARP Loophole http://www.biggerpockets.com/renewsblog/2008/10/18/bank-takeover-artists-benefit-from-tarp-loophole/ Learn, Network, Invest Mon, 23 Nov 2009 13:13:51 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Mike http://www.biggerpockets.com/renewsblog/2008/10/18/bank-takeover-artists-benefit-from-tarp-loophole/comment-page-1/#comment-61792 Mike Fri, 28 Nov 2008 06:24:33 +0000 http://www.biggerpockets.com/renewsblog/?p=1887#comment-61792 Nov 27- 2008 At a party filled with highly educated people who love to talk politics I asked the question if anyone else was disturbed by the actions of Henry Paulson. I stated that the TARP money is no longer being used to buy troubled assets from banks. My question was met scorn. Everyone looked at me as if I was some conspiracy lunatic. Yet, these people are liberals. They then quickly changed the subject. I believe they actually reacted that way because they have no idea what I am actually talking about. I kept my mouth shut because I have only a high school diploma and these friends have been to Yale so what do I know? I find all of this frightening. My point is even the most well read and educated in our society have no idea what is happening. I believe this is because 99% of the American public does not have the time to pay attention to these details. No one is focusing on what is happening. I believe TARP is a frightening consolidation of power in the hands of a few. If Mr. Paulson decides which banks fail and which banks survive, and which banks merge then we have a majority of the worlds financing in the hands of a few select decision makers. I believe eventually they will have a tremendous amount of control on every business and even public institution in the United States because if a select few control the flow of money we no longer have a free market. Nov 27- 2008
At a party filled with highly educated people who love to talk politics I asked the question if anyone else was disturbed by the actions of Henry Paulson. I stated that the TARP money is no longer being used to buy troubled assets from banks.

My question was met scorn. Everyone looked at me as if I was some conspiracy lunatic. Yet, these people are liberals. They then quickly changed the subject. I believe they actually reacted that way because they have no idea what I am actually talking about.

I kept my mouth shut because I have only a high school diploma and these friends have been to Yale so what do I know?

I find all of this frightening.

My point is even the most well read and educated in our society have no idea what is happening. I believe this is because 99% of the American public does not have the time to pay attention to these details. No one is focusing on what is happening.

I believe TARP is a frightening consolidation of power in the hands of a few. If Mr. Paulson decides which banks fail and which banks survive, and which banks merge then we have a majority of the worlds financing in the hands of a few select decision makers. I believe eventually they will have a tremendous amount of control on every business and even public institution in the United States because if a select few control the flow of money we no longer have a free market.

]]> By: N/A http://www.biggerpockets.com/renewsblog/2008/10/18/bank-takeover-artists-benefit-from-tarp-loophole/comment-page-1/#comment-60720 N/A Sat, 18 Oct 2008 15:24:04 +0000 http://www.biggerpockets.com/renewsblog/?p=1887#comment-60720 Just when you think you've heard the worst of it! It seems as though the nations industry leaders employ a team of trained monkey's who's job is to sit around a big expensive table just thinking of ways they can make a profit on the backs of the economy. Just when you think you’ve heard the worst of it! It seems as though the nations industry leaders employ a team of trained monkey’s who’s job is to sit around a big expensive table just thinking of ways they can make a profit on the backs of the economy.

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