The Bailout Was a Wealth Transfer Scheme
Dec 7th, 2009 | By Charles Goyette | Category: Featured, Macro Economics
The Emergency Economic Stabilization Act of 2008 created the $700 billion bailout (plus $100 billion in add-ons) Troubled Assets Relief Program (TARP), a wealth transfer scheme so brazen as to leave one breathless. Another Fed bubble had popped; losses in the real estate mortgage meltdown were real; they had already ...read more

