It makes perfect sense. So you can't get a loan but the banks got a govt. bailout. Then they use the money to buy bonds from the govt.? I mean any idiot can see what is going on. still the rich get richer. Read this article. Just Stop It!!!! This is totally legal but toatally insane. Why can't the bank give us money the TARP money for loans and forgive our bad debt? Then we will be able to buy from them. In our wildest dreams. I am so upset about this.
Banks use TARP money to buy U.S. bonds
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Tuesday, August 4, 2009
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