Fed's Massive Secret Wall Street Bailout Still Going Strong

So lets me understand this … the government stimulates the economy on the biggest ticket items (Car & Homes) and times it perfectly to coincide with the holiday shopping season (3rd Q GDP). Everybody rejoices because “the recession is over”. However … what about ALL the other data? Continual job losses and layoffs, Profits down, Slow home sales, More foreclosures, Banks not loaning (not that they should), US dollar tumbling, Oil/gas rising, inflation/deflation, US Deficit growing exponentially, etc… I understand that the government needs to trick the people into believing the economy is alright (increase consumer confidence), so that they can spend money over the holidays thus really kick-starting a recovery (70% of the economic engine) to reverse the downward turning economic engine. BUT we are stimulating the wrong people and just continuing the errors of the past … Giving free money to the irresponsible … WE NEED TO FIX the original problem … look for higher even more foreclosures AND NOW … repossessed cars in the near future. BTW the falling dollor does have one benefit … it makes the US products more affordable to those abroad. Now if we only had some products to sell!

WWW.USDEBTCLOCK.ORG Everyone gets a free ride except the tax paying americans. Even illegals get free healthcare! Dollar is a doomed fiat currency. Revolution is coming, are you prepared? Gold, silver!

Let's see, the Banks, Wall Street and Fed's create an unemployment backlash costing 7.2 million jobs and these people are rolling in cash with bonus pools. Sweet........

But really, where IS the outrage? It's more of the same, nothing has really changed. The government is continually propping up industries that would normally falter without their help (milk support program comes to mind for some reason). This is not how markets are supposed to work, but I'm preaching to the choir here I think. It's a very sad sight to see. These banks are suffering from the "pigs at the trough" syndrome it appears, with no end in sight. We really need much MORE outrage with this situation. Maybe it's time to clean house with all of these incumbents in the House and Senate - November 3rd isn't that far away.

No we didn't "fall for it"; taxpayers overwhelmingly said NO to bank bailouts, but they were rammed through anyway. Why? Because taxpayers don't control government - the big banking oligarchy does.

What we going to do. Not bailout banks and let whole country go broke . Banks ought not be lending except to most credit worthy and them that pay there bills.Now the idea its the banks fault is false.It folks was the public who bought them houses for nothing down hoping everything keep going straight up and they make would make a killing. Got in to things them sub prime lenders told them to cause they say you going get rich and house going to infinity. No folks your comments directed to the wrong group of folks.Banks are not scot free but lots of other folks involved to especially congress

It's nice to see FT state some truth to what has and is occurring with taxpayer money which has been printed and given to the banks but hasn't even been billed to the taxpayer yet. That what happens when big money controls the government. No Senator should be in office more than 2 terms (12 years) and no Congressmen/women should be in office more than 3 terms (6 years) otherwise they do too much harm to us all. VOTE OUT the INCUMBENTS in 2010.

Health care bills in both Houses of Congress sdpecifically exclude illegals. Get the facts straight. As for the rest, the missing piece in the puzzle is the lasck of jobs creation. People without money cannot spend the economy out of the current DEPRESSION.

There are so many things the taxpayers are against, but Congress keeps on passing bills to the detriment of the taxpayer. I was against the bailouts, first time homebuyer's tax credit, and Cash for Clunkers, but they did it anyway. Why don't they take a vote of the people on whether we should be in Iraq and Afghanistan? I personally believe that only taxpayers should be allowed to vote in elections and government workers should not be allowed to vote in elections at their level of government employment (Federal worker can't vote in Federal election, state worker for a state can't vote in state election for that state, etc.) due to a conflict of interest. It's like this. Say I collect welfare and there is a vote on the ballot to increase welfare checks. How will I vote to get someone else's money for free? Easy answer to that one...

if only 15% of the $800 was spent where is the rest of the 600 Billion.Shouldn't that be the big question and center of discussion?

vote the pigs put.

These are times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands it NOW, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: It is dearness only that gives every thing its value.

Wait until Christmas is over and the tax break for buying a house ends. We are stretched so thin right now that we are very susceptible to any large-scale problems - - another Katrina-like storm, earthquake in Cali, water or farming problems. If you buy a house now, you are still buying at prices near the 2003 dip, which is still WAY too much. 2010 is going to be tough, so I am going into minimizing mode. All I can say is if you have any debt, get rid of it. Downsize everything - - get a small, cheap place on a dozen acres and spend money only on the essentials. Scour Craigslist for cheap or free stuff. HANG ON

A very accurate appraisal is given by this guest..........As far as no1noseurme - Friday October 30, 2009 09:09AM EDT......./////" No we didn't "fall for it"; taxpayers overwhelmingly said NO to bank bailouts, but they were rammed through anyway. Why? Because taxpayers don't control government - the big banking oligarchy does?/////////.....Yes people did oppose the TARP bill. BUT, when the elections came in 2008, the people voted the EXACT SAME PEOPLE back into office!!!!!!!! Then the media weighed in with a propaganda barrage .to convince the public that we had been saved by those who had indeed ripped us off!!!!!! And the public has bought it!!!!!! Ya can't fool all the people all the time, but ya sure can fool enough of them!!!!

Bottom line: This administration made sure certain banks stayed in business and certain banks did not. You draw your own conclusions. Me, I know the people that brought this shit-storm upon us are the ones getting tons of taxpayer money to keep their fat jobs, their homes, with their paid-off politicians. We can spend hours upon hours debating who is at fault, why this was done and so on... All I do is look at the results and see the American middleclass getting seriously gan-raped by Wall Street and the government they elected to protect them... Bitching on Tech Ticker is akin to doing nothing and waiting until the mid-term elections is doing more than nothing.... the American middleclass is dead... right where the politicians want it.

One thing is perfectly clear now ,We the people of these united states no longer believe our shill govt. they are liars, crooks, scam artists., and more importantly they have become totally inefective. What now people?

Have you seen your new credit card rates? 30% APR. Bankers took your money; tax money and gambled on the market and have made themselves more rich. How do they thank you? By new rates and fees and inflation!

More worthless, uneducated drivel from this site. Not half a brain between the three of them. Yahoo needs to dump these clowns.

More worthless, uneducated drivel from this site. Not half a brain between the three of them. Yahoo needs to dump these clowns.

At 52 years of age I feel for the first time in my life, that I do not belong in this country. I have worked hard, tried to be honest to a fault, loved the Lord ( sorry Home Depot, that's the way I roll ) and feel I have no voice here. I do not believe in entitlements as a way of life, nor do I think free is really free. Am I alone here???