RESCUE GATE: A TWENTY-FOUR TRILLION DOLLAR BAILOUT

What is the Treasury Department hiding?

The government’s top watchdog over the $700 billion “rescue package” says that the Treasury Department refuses to let the taxpayers know how that money has been spent. Why?

Neil Barofsky is the special inspector general over the Troubled Asset Relief Program (TARP). According to The Hill, “Barofsky said that while the TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion. The government has committed significantly more money through a variety of other federal agencies and programs.”

Don’t let that quote go over your heads folks. He said the bailout “could reach a far higher figure of $23.7 trillion.” What!!!!!!!!!!!! Who authorized this? The taxpayers didn’t. Congress didn’t. Who then?

$23.7 trillion is twice America’s total gross domestic product and way above the $700 billion authorized. If this is true we are in for a massive day of reckoning and Rescue Gate will make Nixon’s Watergate look like child’s play.

Are the cops on the way? Do we hear any sirens yet? Barofsky has launched “35 criminal and civil investigations into issues including suspected accounting fraud, securities fraud, insider trading, mortgage servicer misconduct, mortgage fraud, public corruption, false statements and taxes.” I wonder how long these investigations can be staled. Currently the only guy in jail for fraud is Bernie Madoff and he wasn’t caught by anybody, he turned himself in.

Massive fraud and corruption has and is taking place in the highest levels of our nation. This is the most corruption I have ever seen within our country in my lifetime. We need to pray that God exposes these rats and roots them out. The future of our nation is in the balance. Who in Congress will step up and deal with this?

Let freedom ring.

Your partner,
Jonas Clark
www.thevoicemagazine.com

clipped from thehill.com

Meanwhile, Barofsky’s office has opened 35 criminal and civil investigations into issues including suspected accounting fraud, securities fraud, insider trading, mortgage servicer misconduct, mortgage fraud, public corruption, false statements and taxes.

In fact, the Treasury Department is actively obstructing transparency,” said Rep. Darrell Issa (R-Calif.), ranking member on the oversight committee.

Barofsky’s office noted that banks have used government money for purposes other than increased lending, whether to build up capital cushions, repay debt or help finance acquisitions of other banks. His office is in the process of posting online responses to a survey of 360 banks receiving government aid.

TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion.

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