http://www.businessinsider.com/tarp-benificary-calls-program-a-sham-and-gift-to-speculators-2009-5

TARP Benificary Calls Program A “Sham” And Gift To Speculators
“It’s a sham. The banks are insolvent. The US government is trying to sedate the public because they are down to the last $100bn (£66bn) of the $700bn TARP funds. They think they’re doing this for the greater good of society,” he said, speaking at the Qatar Global Investment Forum.

Mr Patterson said it would be better for the US to bite the bullet as Britain has done, accepting that crippled lenders must be nationalised. “At least the British are not hiding the bail-out,” he said.

Read the whole thing >

A Good Start
That’s what I call this:

May 15 (Bloomberg)—U.S. prosecutors and the FBI are investigating whether two Securities and Exchange Commission lawyers illegally used nonpublic information from the agency to bet on stocks, SEC Inspector General David Kotz said in a report.

No really?

How about we investigate Government Sachs (NYSE: GS) for their apparent trades in August of 2007 the day prior to OpEx?

http://market-ticker.org/authors/2-Karl-Denninger

See also

http://market-ticker.org/archives/1037-FLASH-Liddy-Lays-An-Egg-On-BERNANKE!.html

http://market-ticker.org/archives/1036-Round-Up-Government-And-Bank-Lies.html

http://market-ticker.org/archives/1043-Bawhahaha-President-Obama-And-Debt.html

I think the ideology here is ‘control fraud’ that I correlate with the ideology of control of the media because control fraud means even the ceo’s and the rest of upper management in a ‘too big to fail’ corporation or any corporation with ‘lobbyist enablers’ can game the system by hollowing out those points of regulation and oversight that would normally spot this and bring it to light.

Makes more sense now to me why obama has geithner, summers, bernanke and the rest of the old school still in position in the administration as they know better who to have replaced, who to frame in scandel, or who to replace those being discarded for the continued rape of our country thereby allowing obama to ‘play’ the role of president.

This is where our congress and president are really failing, well, not just failing us, but still continue to build such a corrupt structure that it will bleed us longer and harder making it more difficult to tear down and get back to some kind of functional processes for the people.

Those impertinent welfare whores, what shall we do…?  I have a “capitalistic” proposition for the American Taxpayer….

I, “only” request that you “hand over” ONE MILLION dollars to me.  I “PROMISE”, I will do my utmost to turn my “company” in the “right direction”.  While others ask BILLIONS, I ask only ONE MILLION.

Why…. it’s a drop in the bucket.  So, simply give me a MILLION DOLLARS, and I “PROMISE”, I’ll do everything I can, to make this precarious proposition of mine….. legit.  I promise.  I do.  I promise.

Any takers….?

You know, sadly I’ve made this proposition before…. yet STILL the American People DENY me….  I’m confused, what is it you want, am I not as “reliable” as the others.  Again, I ask…ONLY ONE MILLION, whereas, aforenamed others “ask” BILLIONS.  Why wouldn’t I be as deserving…..?  I’ve committed no crimes, but THEY HAVE, yet…. still you shrug off their BILLIONS.  AGAIN, understand….. I ask only for a cool million, why do you deny me?