TV News LIES

Monday, Jul 28th

Last update07:11:02 PM GMT

You are here News Economy Paulson's Swindle Revealed

Paulson's Swindle Revealed

E-mail Print PDF

The swindle of American taxpayers is proceeding more or less in broad daylight, as the unwitting voters are preoccupied with the national election. Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson's transaction, the taxpayers were taken for a ride--a very expensive ride. They paid $125 billion for bank stock that a private investor could purchase for $62.5 billion. That means half of the public's money was a straight-out gift to Wall Street, for which taxpayers got nothing in return.

More...


Most Recent Related Stories...


Banks accused of rigging silver price

silver price riggingDeutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the...

Bond trader could face nine years in prison in rare criminal prosecution

Blond trader to faced jail timeJesse Litvak was ecstatic.  It was March 31, 2010, and the mortgage bond trader at Jefferies...

85 wealthiest are richer than poorest 3.5 billion

gatesThe U.N.'s annual Human Development Report released Thursday shows that the world's 85 richest people are...

Microsoft to cut 18,000 jobs this year as it trims Nokia

MicrosoftMicrosoft Corp said on Thursday it will slash up to 18,000 jobs, or 14 percent of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!