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TARP was one of the biggest scams perpetrated on the American public. TARP gave BoA, Wells Fargo, many others and of course Goldman Sachs, billions in zero interest loans. What did they do with the money? Not lend it to consumers or businesses. No they used it all to buy Treasury securities (in effect they lent the $$ the Treasury lent to them back to the Treasury and charged them interest), made a whooping bunch in interest, and then repaid TARP. They not only made the interest on the T-notes and Bonds, but they bought them all at depressed prices and got face value for them.How the TARP scam worked:Bank X gets $10 billion from TARP at 0% interest. Bank X buys $5 billion in T-notes (5300mm notes) at $.94m and $5 billion bonds (5600mm) at $.89m. They get $185.5 million in interest from the notes and $252 million in interest off the bonds. The notes and bonds both mature at $1,000 so they get another $300 million off the notes and $600 million off the bonds. Total profits= $1,337.5 million Total expenses= $0.00 They then repaid all the TARP $$$ and they and the Treasury are all applauded for doing a great job.But where did that interest come from? The Treasury. And where did they get it from? The IRS. And where did the IRS get it from? Look at your paycheck!!!