On Wed, 19 Oct 2011 06:48:22 -0700 (PDT), "
wrote:

On Oct 18, 10:48Â*pm, RickH wrote:
On Oct 18, 8:56Â*am, "
wrote:



Fannie DC
AIG NY
Freddie VA
GM MI
Bank of America NC
Citigroup NY
JP Morgan NY
Wells Fargo CA

Most of the money from other than Fannie and Freddie
has been REPAID.


Do you know where they got the money to "repay" the bailout?
From the Fed.
Fed printed money, "loaned" it to the banks a zero or almost zero
interest.
Banks bought U.S. securities paying an average spread of about 3%.

So the taxpayer loaned the banks bailout money.
Then the taxpayer paid in inflation to print and loan low interest
money to the banks.
Then the taxpayer paid higher interest to them on gov securities so
the banks could "pay back" the taxpayer.
What a circle jerk.
And you wonder why people are ****ed at big banks?
Kudos to Ron Paul and others who pushed to get revealed the heretofore
secret Fed machinations.

--Vic