Dinesh D'Souza Quote
Later, as banks began to improve their balance sheets, several attempted to pay back their government loans. The Obama administration refused to accept the money, on the grounds that banks would first have to pass a stress test. Of course the stress test was simply a way for the government to maintain control of those banks. So if banks gained by getting free money, and the government gained by extending control over the financial sector, who lost? The taxpayer! The taxpayer was the sucker in this whole transaction. His money stood guarantee for the depositors and investors and bank officials who had taken risks and made bad loans and were now facing crippling losses. Instead of them suffering, the taxpayer suffered. And who raided the Treasury and stuck the taxpayer with this bill that was not the taxpayer’s bill to pay? The very federal government that is responsible for managing the Treasury and protecting the revenues provided by the taxpayer.
Later, as banks began to improve their balance sheets, several attempted to pay back their government loans. The Obama administration refused to accept the money, on the grounds that banks would first have to pass a stress test. Of course the stress test was simply a way for the government to maintain control of those banks. So if banks gained by getting free money, and the government gained by extending control over the financial sector, who lost? The taxpayer! The taxpayer was the sucker in this whole transaction. His money stood guarantee for the depositors and investors and bank officials who had taken risks and made bad loans and were now facing crippling losses. Instead of them suffering, the taxpayer suffered. And who raided the Treasury and stuck the taxpayer with this bill that was not the taxpayer’s bill to pay? The very federal government that is responsible for managing the Treasury and protecting the revenues provided by the taxpayer.
Related Quotes
For everything in this journey of life we are on, there is a right wing and a left wing: for the wing of love there is anger; for the wing of destiny there is fear; for the wing of pain there is heali...
The global population of Earth are involved in the following corporate government experiments: The long term effects of - 1. Nuclear bomb fallout radiation. 2. Man-made wireless radio frequency (RF) r...