Why Fed Gave Bailout Money To Morgan Stanley Wives

[Goldhedge]

Matt Taibbi Asks Why The Fed Gave $220 Million In Bailout Money To The Wives Of Two Morgan Stanley "Bigwigs"

America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that great untamed socialist menace called a unionized public-sector workforce that Republicans are always complaining about. According to popular legend, we're broke and in so much debt that 40 years from now our granddaughters will still be hooking on weekends to pay the medical bills of this year's retirees from the IRS, the SEC and the Department of Energy.

Why Isn't Wall Street in Jail?

more at link

http://www.rollingstone.com/politics...ilout-20110411

[elroy]

The above referenced article is by Matt Taibbi.

He has an entire series on the financial scam, debacle, sh*tstorm, whatever you want to call it and they are all good.

He wrote in reference to Goldman Sachs: "The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

Read more: http://www.businessinsider.com/matt-...#ixzz1JowSczbB


http://www.rollingstone.com/politics...-jail-20110216

http://www.rollingstone.com/politics...chine-20100405

There are more if you can find them.

[Aurumag]

The technical name of the program that Mack and Karches took advantage of is TALF, short for Term Asset-Backed Securities Loan Facility. But the federal aid they received actually falls under a broader category of bailout initiatives, designed and perfected by Federal Reserve chief Ben Bernanke and Treasury Secretary Timothy Geithner, called "giving already stinking rich people gobs of money for no ****ing reason at all." If you want to learn how the shadow budget works, follow along. This is what welfare for the rich looks like.

After this, I couldn't read anymore.

Bernanke spoke of transparency and accountability at his conference yesterday.

If the above is an example of transparency, then it is past time for some accountability.