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TARP Funds In Toyland (A.K.A. The U.S. Markets)
By: plunger Tuesday February 10, 2009 4:15 am 0
“Please forget all about where the prior $350 billion of TARP funds went, and don’t force us to tell you.
The truth is, a lot of it went into the “President’s Working Group On Financial Markets” (otherwise known as the “Plunge Protection Team”), where we’ve been actively engaged in buying every single share of common stock that investors are dumping, in order to avoid the market crash, which we’ve been actively engaged in preventing, using borrowed taxpayer money, buying worthless paper - for the last few months.”
When they start all the happy-talk on CNBS and proclaim that the worst is behind us, and stocks start moving higher, just know that it is all entirely manipulated, following a script, using your money - which they will never admit, but is self-evident to every professional trader. Their goal at present is to cause a short squeeze, and make it look like actual buying. It’s entirely fake. There is no “market.” Geithner approved of Paulson turning over a significant portion of the TARP funds to the offshore black box operators of the PPT. Understand that when these funds are deployed to acquire paper, a counterparty gets rescued with your cash.
Originally posted by disgustedbyhumanity
reply to post by Dbriefed
That is simply just a bad data feed. S&P was down 107 points or 1.25%.
You're right about CNBC, also shows S&P 500 up, notice the volume...
Originally posted by KaginD
CNBC is reporting the S&P closing at +1.88/925.6
CNN and MSNBC is reporting it at -11.75/911.97
Thats really weird since MSNBC and CNBC are ran by the same network... You would think they have the same numbers