Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Despite Taxpayer Bailout, Fed Says Banks Tighten Loan Standards Most on Record

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

George Washington’s Blog
Tuesday, Nov 4, 2008

As you probably know, banks are spending taxpayer bailout money to pay executive bonuses, distribute dividends to shareholders, and – with the government’s assistance – to buy out their competitors.

You’ve probably also heard that the banks themselves admit they’ll keep hoarding cash.

Now, according to the Fed, even after being handed hundreds of billions in taxpayer loot, the banks have tightened loan standards the most on record.

The head of the U.S. House of Representatives Financial Services Committee said that using bail-out money for anything other than lending will be a criminal offense. But, so far, its all talk and no action (as usual).

The banks have admitted they’re going to keep on spending the bailout money on everything under the sun other than lending. Okay Congress, stop talking tough and prosecute, already.

And what about Paulson, who knowingly lied to Congress?

Despite Taxpayer Bailout, Fed Says Banks Tighten Loan Standards Most on Record 161008pptv3

This article was posted: Tuesday, November 4, 2008 at 5:46 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Nanny State to Ban Toasters, Kettles & Hair Dryers! See the rest on the Alex Jones YouTube channel.

Obama Bypassing Congress to Sign UN Climate Change Deal See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.