Stiglitz: Bank Plan Makes Taxpayers Suckers, page 1

Stiglitz: Bank Plan Makes Taxpayers Suckers

www.moneynews.com

Nobel laureate economist Joseph Stiglitz lambastes the Obama administration’s plan for ridding banks of toxic assets as a boon for Wall Street and a bust for Main Street.

“The Obama administration’s $500 billion or more proposal to deal with America’s ailing banks has been described by some in the financial markets as a win-win-win proposal,” Stiglitz writes in The New York Times.

“Actually, it is a win-win-lose proposal: the banks win, investors win — and taxpayers lose.”

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www.prisonplanet.com

The government wants taxpayers to accept ignorance. They don't want us to know who's responsible for making the private reserve bank, which is run as if it's a real federal entity.

We don't owe the Federal government anything! We're their bosses. Our numbers are growing. That's why they want to stay calm & pay them for their services (robbing the innocent & waging war against the oppressed).

Research related articles:

1. Geithner Plan Will Rob US Taxpayers: Stiglitz
2. Stiglitz Criticizes Bad Bank Plan as Swapping ‘Cash for Trash’
3. Nobel Laureate Dr. Joseph Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People”
4. Taxpayers face years of debt in bank salvage deal
5. Toxic Asset Plan Will Leave The Same Amount Of Toxic Assets In The System, But With the Taxpayers Now Liable For Most Of The Losses
6. Cramer: U.K. Bank ‘Socialization’ a ‘Great’ Plan for U.S.
7. US unveils public-private plan for toxic assets
8. Nobel laureate Stiglitz predicts Obama win, recession
9. Volcker, Warren and Stiglitz Slam Government Approach to Crisis
10. What Happens Now to Plan to Buy Toxic Bank Debt?
11. Toxic Asset Plan Foresees Big Subsidies for Investors
12. Plans to Create ‘Bad Bank’ Are Running Into Problems

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[edit on 5-4-2009 by News And History]