-- by Horatio Algeranon
They lied to pass the bailouts
They lied about the lending
They lied about the health of banks
And lied about the spending
They lied about the bonuses
They lied about foreclosures
They lied about the inside trades
And lied about disclosures
They lied about the total bill
They lied about relying
They lied about transparency
And of course, about the lying.
Anyone who actually believes the massive bank "bailouts" (including the original $700 billion in TARP monies and subsequent trillions in low interest loans from the Fed) fundamentally "fixed" what ailed the US banking system and economy should really read "Secrets and Lies of the Bailout" (by Matt Taibbi, Rolling Stone):
"The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come" -- Matt Taibbi
