Several years back they turned us from Depositors into investors, meaning that when Deutsche Bank crashes and all the derivatives are exposed, FDIC will pay the banks first, then we the little people are left holding nothing. Did we really ever think they cared about us? Come on, Hitlery is going to re-install Glass Steagall even though all the damage is done. LMAO.
RE: What your bank is not telling you about your cash deposits and withdrawals.
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What your bank is not telling you about your cash deposits and withdrawals.
@derrick1974 I don't disagree with you on depositors into investors. However have you checked how our investment is doing lately? https://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#Participants
It's pretty much been paid back according to that.
I'm not saying this was a good thing at all. However the taxpayers aren't on the hook for it anymore according to all the information I can find anywhere.
In the meantime the US Govt does own metric craptons of what amounts to convertible debentures in these orgs that the banks can either buy back at market rate, or the govt can sell on the open market which will convert those warrants and dilute the companies shares.
Nevertheless, hardly a penny ever went to it's intended purposes which was to allow people to refi their homes while the banks write off the losses into a prepaid sheet paid for by the US Taxpayer.
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My investments? Hold on, let me go check Kitco. ;-)
Down $25, looks like they are in there pushing the paper, good thing I have physical. I only hold it just incase, my real investments are in home gardening and long term solutions. Can't eat gold and silver. . . .
And using Treasury.gov and Wikipedia, is almost as bad as using Snopes. Does anyone still believe anything they say? Rome is burning and Nero is out golfing again. . . . .
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Well Treasury.gov was used because it would be considered a primary source by any definition of the word, They may spin stuff , but they don't tend to lie.
Wikipedia was chosen for accessibility of the information.
Also, yes your investment. If you live here, then it's your government that did this. If you voted for any of the people that pushed it through, then it was most definitely your investment. If your guy didn't make it that year, you need to ask yourself why. If you didn't vote, you have no right to complain.
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