Curious how, while Wall Street financial institutions have repaid TARP money, increased shareholder value and gained market share, institutions backed by the US Government are struggling. Free market vs. Socialism?
4 Big Mortgage Backers Swim in Ocean of Debt Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support, the New York Times reported.
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Answer:
The wall street firms took the government's free money last year and invested it into the stock market. With the free money, they drove up the market and sold their shares. Now there is another bubble waiting to burst in the stock market.
The plan was to convince you and me to invest what is left of our retirement plans. By running it up, they managed to convince many of us to "get back in".
Maybe its time to get back out?
Why would the banks lend to you or me, when they can make more return in the market? This game is rigged.
Who would want to borrow in this economy, with no certainty of how much higher taxes will be laid upon us in the near future??
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