posted on Apr, 21 2009 @ 01:07 PM
reply to post by DimensionalDetective
I watched an episode of The Daily Show recently. The guest was Elizabeth Warren who is the Chair of the Congressional Oversight Panel (COP) for the
Troubled Assed Relief Program (TARP). The interview is in the second segment of the show.
Here's the link to that show (April 15, 2009)
Let me just say here that it's a shame that this type of important information is coming out on a "Comedy Channel" show and not the MSM. But it
doesn't suprise me.
Anyway, he interviewed this woman and what she said about the $700 billion dollar bailout is interesting. Something every taxpayer should be well
aware of. After all, this is "Our" money that is being "invested" in these companies.
Basically what this woman is saying is that out of the initial $350 billion that we gave these banks (via the purchase of stocks) we gave away 78
BILLION dollars. And now we are down even more than that because the value of the stock that "We" the taxpayers invested "dropped".
See, initially we purchased stock. For every $100 of stock we purchased we actually only got $66 worth of stock. That was the initial money we gave
away. Then, since the value of the stock dropped our investment has actually been a "loss".
I think everyone should watch at least the second segment of this video to get a better understanding, since I'm just giving a basic overview of what
The second part of the $350 billion is what this OP is about. PPIP (Private-Public Investment Program). Something that she briefly touches on. We,
the taxpayers have been thoroughly and completely screwed and alot of people don't even really realize the full extent.
In the third segment of the show she goes into what has been going on since the beginning of the United States in 1792.
Please people, watch the video. It may be the comedy channel BUT this woman is the Chair of the Congressional Oversight Panel for the TARP program
and she knows what she's talking about!