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Litigation

: The FRAUDfiles Blog

The latest bailout scam

By Tracy Coenen

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Yesterday Obama announced his plan for buying so-called “toxic” assets from banks. The stock market responded positively. Why? The taxpayers are footing the bill for the bailout (taking all the risk), while investors can get all the rewards. From DownszeDC.org: For every $100 used to buy “toxic” assets, private investors will put up only $7, while taxpayers [...]

Full post as published by The FRAUDfiles Blog on March 25, 2009 (boomark / email).

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