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Originally posted by Stormdancer777
Why did the bailout money go to Dubai?
I Just heard this on the news, nothing on the web yet,
I did find this.
article.wn.com...
Story developing.
Plus they use bailout money to buy out other banks?
Originally posted by Chevalerous
Originally posted by Stormdancer777
Why did the bailout money go to Dubai?
I Just heard this on the news, nothing on the web yet,
I did find this.
article.wn.com...
Story developing.
Plus they use bailout money to buy out other banks?
"Why did the bailout money go to Dubai?"
I guess a lot of the investors and holders of American debt resides in Dubai and in the Gulf region.
So this may be part of a pay-off to the people who bought, and got stucked with toxic papers?
Originally posted by guessing
The oil nations are getting upset bout the fact USA is bankrupt and can not meet their debt. Citi are a tool for shifting our money into other creditors. No offence intended, this is a no brainer....
Originally posted by Stormdancer777
Originally posted by Chevalerous
Originally posted by Stormdancer777
Why did the bailout money go to Dubai?
I Just heard this on the news, nothing on the web yet,
I did find this.
article.wn.com...
Story developing.
Plus they use bailout money to buy out other banks?
"Why did the bailout money go to Dubai?"
I guess a lot of the investors and holders of American debt resides in Dubai and in the Gulf region.
So this may be part of a pay-off to the people who bought, and got stucked with toxic papers?
Is this why the stock market is rallying the last two days?
I wont pretend to even understand all this.
Originally posted by Chevalerous
Originally posted by Stormdancer777
Why did the bailout money go to Dubai?
I Just heard this on the news, nothing on the web yet,
I did find this.
article.wn.com...
Story developing.
Plus they use bailout money to buy out other banks?
"Why did the bailout money go to Dubai?"
I guess a lot of the investors and holders of American debt resides in Dubai and in the Gulf region.
So this may be part of a pay-off to the people who bought, and got stucked with toxic papers?
Congress and the government knew this early on and it is (IMO) WHY so many where threatened with harm coming to the American people and people of the world if they didn't go along with it. They (the heads of the market movers) had to instill the ultimate fear of total collapse to get away with this.
We all have skills, we all have hearts, we all have a conscious. It is time to USE THEM.
I just saw a report on cnn about this and other foreign investments citi, BOA and chase made overseas. I tried to find it on the website but was unable to find it. (if they show it again I will be sure and update this)
Congressmen railed against the US Treasury’s oversight of financial sector bail-outs on Wednesday, complaining that institutions receiving government funds were investing money abroad when they should be focused on the US.
The criticism in Wednesday’s hearing of the House of Representatives subcommittee on domestic policy, indicates a growing sense of nationalism in Congress as politicians react to public anger over how taxpayers’ funds are being spent.
Dennis Kucinich, the subcommitee’s Democratic chairman, highlighted $8bn of financing arranged by Citigroup for public authorities in Dubai, and a $7bn (€5.5bn, £5bn) investment by Bank of America in the China Construction Bank Company.
Both Citigroup and Bank of America have been main recipients of some of the $200bn pool of public funds injected into banks since the Bush administration launched its Troubled Asset Relief Programme in October last year.
“When it is hard to get a loan in this country, is it the Treasury’s opinion that a bank that received Tarp money is justified in arranging financing for an $8bn loan to the government of Dubai?” Mr Kucinich asked Neel Kashkari, who is handling the Tarp programme at the Treasury on an interim basis.
“Are you telling the American people that it’s better to invest in another country than it is for these banks who have Tarp money to invest in our own country?”
Mr Kashkari warned that any move to restrict banks from lending abroad could spark retaliation.