More financial socialism than you can shake a stick at:
FDIC May Borrow Money from Treasury: Report
FDIC Running Out Of Money and Needs More!
So we have Joe Public who can't pay the mortgage due to outrageous banking practices being responsible for those banks "getting into trouble" who
in turn get a bailout in the form of three different types of "borrowing windows" directly from the private Fed, who in turn make the money
available through a deal with Treasury for interest (that's you dear taxpayer). But if your not "too big to fail" you get your bailout from the
FDIC who are in so much trouble they are going to be allowed to borrow directly from the Treasury themselves (again that's you dear taxpayer) even
though at the moment they have only lent out about half of what they have (I wonder what's coming?
).
This is essentially a public bailout of the FDIC itself.
Joe public who couldn't pay his mortgage will be taxed to death to pay for all of this and be made to point fingers at whatever political party gets
the blame for "raising taxes". Well you heard it here first.
This is where the tax hikes are coming from.
It's to help the banks, nothing more, nothing less.
Financial Socialism.
.
