Where is Howard Beale when we need him? Two years into the Greatest Recession Since the Great Depression (GRSGD) and our financial leaders are still telling us that we need to be patient while waiting for our economic recovery.
It’s time to wake up, America. There is no reason to wait. So let’s stick our collective heads out the window and scream in unison, “We’re mad as hell, and we’re not going to take it anymore. We want new leadership. And here is why.”
If there is any symbol that represents the beginning of the GRSGD, it should be the Toxic Asset Relief Program (TARP). Remember TARP? Remember how our American leadership dolled out $45 Billion to Bank of America and Citigroup and another $25 Billion to JP Morgan/Chase and Wells Fargo back in the fall of 1988?
Remember how we were told that these funds were necessary to avoid a complete collapse of our financial system? Remember how Congress did not even know or understand how the money was going to be used or who it was going to before they signed it into legislation? Then remember how nearly all that money was paid back within a year of our leaders’ graciousness?
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