Pillaging the Average American: Wall Street Paying Back Bailouts with Bailouts.

In the last few weeks the corporatocracy has gone on a massive Madison Avenue public relations tour touting the great job banks are doing and how they are paying back the taxpayer for the generous gift of life. Instead of working with small business or lowering credit card rates banks have taken it upon their shoulders to issue record breaking bonuses. It is true that banks are paying back TARP handouts yet few are focusing on how the banks have made profits in the last 9 months since those dismal days of March. There is also this convenient avoidance of fact that some $14 trillion in bailouts have been made to banks and Wall Street. The TARP repayments amount to a few hundred billion, no small amount, but a fraction of the real cost to the American taxpayer. The average American has benefitted very little from the corporatocracy handout to their banking colleagues.

As the Federal Reserve comes under attack, they are attempting to play it calm and collected while telling the American public that there is nothing to see behind their mythical curtain. That is the furthest thing from the truth since the Federal Reserve has been the biggest player in the $14 trillion bailout.'

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