Why wouldTreasury Secretary & Commander in Printing Ben Bernanke be all fired up about spending

[seemslikeadream]

But wait! Is this making sense? I mean, why would the Treasury Secretary and Commander in Printing (Ben Bernanke) be all fired up about spending $125 billion on the nation's 9 largest banks?

http://www.urbansurvival.com/week.htm

Consider that on e of the recipients of $25-billion will be JP Morgan Chase & Co. Here's an outfit, which went I look at their earnings still looks to turn a tidy profit for the year. OK, I'll grant you that the BusinessWeek earning page on JPM shows they could lose 18¢ for the quarter, but the estimates are they will spring back with positive earnings of 63-cents in Q4.



So why the money?



The theory that we're asked to believe is that this will somehow 'encourage banks to resume lending' and this will magically get the economy back on track. Lacking the high-dollar education of some of the nation's leaders, it seems common-sensical that the Banksters have got quite a racket going: Simply stop lending long enough to turn on the 'free money spigot' and generously offer to resume lending when enough ransom has been paid.



You & me? We're in the wrong business, kid.

[RUMMYisFROSTED]

1. And they collect on the back end on interest on the additional debt created.

:think:

[whistle]

2. It's the sucker play stupid!