Paulson and Bush Stole $78 Billion from You and Me
Harvard Law School professor Elizabeth Warren, who chairs the 5-member TARP oversight committee, told the Senate Banking Committee that Hank Paulson paid banks too much for their worthless troubled assets last fall. How much too much?
Treasury paid $254 billion for assets worth approximately $176 billion, a shortfall of $78 billion.
In other words, Hank Paulson and George Bush stole $78 billion from taxpayers to directly enrich the banksters. When will the prosecutions begin, and when will we get the stolen loot back?
- Bob Fertik's blog
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