Wednesday, June 3, 2009

Are the Banks Raising Back the Money?

The story run in the New York Times today is largely a fraud. The banks can only think of paying back the TARP money, because they are being allowed to raise government guaranteed loans. So Morgan Chase pretends to pay back its $25 billion or so TARP loans in money that in effect the money is giving it "guaranteed" on the other hand. Why is this going on? Because under TARP the bankers or banksters cannot give themselves huge raises and bonuses. They cannot steal from their banks. And what is the point of bailing out the bankrupt system unless the financial oligarchy can steal on an unlimited basis. I think LaRouche is telling Harlem just how it is.

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