Goldman Sachs investment firm, which received $13 billion in federal bailout funds and gave $4.3 billion of the taxpayers’ money to 32 entities including overseas banks, hedge funds and pensions.
“It’s highly offensive how this money has been used for political payoffs,” she says.
“Remember that President Obama received almost $1 million in campaign donations from Goldman Sachs. I think we need to look into the connection between President Obama, his campaign contributions, and the fact that Goldman Sachs was one of the first recipients of taxpayers’ money.
“We had to borrow money from China in order to pay this money to Goldman, which in turn gave the money to foreign banks. It’s the American taxpayer that is hurt, and it’s hurting private job creation more than anything.“None of those entities that got us into this mess were even touched. Instead, dramatic new powers were given to the president of the United States, and that effectively institutionalizes what got us into this mess in the first place. It’s a very bad bill and deserves to be repealed.”
FANTASTIC article on the Community Reinvestment Act
http://ht.ly/2hNuH
“The purpose of the Tea Party Caucus is to listen to the concerns of the mainstream people who are very concerned about the overwhelming growth of government and the growth of government spending.
The Security Modernization Act of 2000 (signed by Bill Clinton) created the credit default swaps that allowed banks to make profits selling the risk from bad loans to unsuspecting investors.
ReplyDeleteWhy can't people piece things together and realize that it's the left that created the regulations that overloaded the economy.