Banking is a noble
institution. Since its beginning, the concept of keeping your money and other
valuables in a safe place has been a sound one. Most cultures throughout
recorded time have used them to the benefit of its citizens.
It takes an hour or so for the
videos
about banking history from this perspective. You'll better understand why some
historical facts have been kept from taxpayers (here and abroad) over the years.
mchallen:
8.12.2008
Lending, or providing loans to
people developed and it allowed people with good ideas (or liquid assets) to
borrow money from banks; pay the bank a reasonable interest rate, and in turn
people could use that money to start businesses, purchase things, or pay off
other debts.
This system was adopted by our founding fathers in
the United States. And, when the banking system was administered by morally
responsible people, our country, and its banking system flourished.
Unfortunately two factors have come into play
that has caused problems that no one talks about;
The first we'll call the downside of human
nature; temptation. Or as it's played out, greed.
Deception; that comes to us
in two
forms; by our legislature not telling the truth, and the slow but sure
redefinition of 'morality'.
It takes an hour or so for the
videos
about banking history from this perspective. You'll better understand why some
historical facts have been kept from taxpayers (here and abroad) over the years.
12.1.2008
mchallen:
TARP =
Troubled Asset Relief Program:
Initially this was the program that Paulson sold
to Congress in a mere matter of days how $700B would 'do the trick' to stimulate
our economy to recover from bad business ethics between bankers', and Wall
Street.
In mid November, Paulson
essentially said, "This isn't working," and (after nine banks had already
received $25B each in turn for 'limited' interest in each - see socialism) he
shifted the remaining focus to specifically credit related banks. e.g. AMEX
quickly shifted by-laws to qualify for bailout money.
Many shuffling has taken place within lending
markets to qualify for the mounting of this 'funny money' under total control of
Paulson. The intent for this initial piece is for conservatives and others to
begin to understand how our current administration, and the coming
administration have worked hand in glove to fleece American taxpayers.
