Friday, December 12, 2014

A Truth Journal: Obama Wants To Hand Over Your Money to Big Banks To Gamble As They See Fit? Seriously?

Sen. Warren says, "Not so fast Mr. President; hands off taxpayers' money!"
calling the $1.01 trillion spending bill
“the worst of government for the rich and powerful.”
Source: J. Scott Applewhite/AP

A Truth Journal: Obama Wants To Hand Over Your Money to Big Banks To Gamble As They See Fit? Seriously?: From Denny: Forget about being a lame duck, President Obama is now toast with the American people. Who the hell wants their President to sell them down the road just to make a government funding deal? Yes, our President has decided, in his infinite wisdom, to give Big Banks everything their greedy hearts desire. Unbelievable.

Two weeks before Christmas here are President Grinch, and his evil twin, Wall Street Grinch, demanding that American taxpayers pay dearly for Big Banks to continue down the dangerous road of a constantly growing $800 trillion in out of control derivatives by bailing out the Big Banks when their risky gambling loses. The U. S. economy only makes about $20 trillion annually. How are we supposed to pay off this insane level of derivatives when they go bad? Read on ...