Dept. Of Treasury Documents Reveal Banks Were Forced To Take TARP Money…
A quick summary of events thus far: Banks were forced to take TARP Money Banks which took TARP money subjected themselves to far reaching govt control As a result, the nine major banks were effectively nationalized. Some argued that banks have only themselves to blame for taking TARP money as they knew the consequences. However, [...]
U.S Economic Policy Now Resembles That of an Emerging Market Economy
And our national saga of being led by an inept Obama administration continues, our economy policy has become an international laughing stock, having taken on the characteristics of the economies of emerging nations. The parallels between U.S. policymaking and what we see in emerging markets are clearest in how we’ve mishandled the banking crisis. We [...]
