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Obama Admin to Expand Bank Bailouts to SMALL Banks -- Gee, Could That Have ANYTHING to Do with the BANKRUPTCY of the FDIC?
What a surprise, huh?
http://www.google.com/hostednews/ap/article/ALeqM5i_WrL-yKI0kVBHbacyZTzS...
Nothing like expanding the moral hazard.
Notice how the reporter can't help bu tmention what all the pro-administration, pro-gubment propagandists are pushing: the bogus claim that the gubment is getting a lot of the original TARP loans back.
He says: "a combination of unallocated money and more than $70 billion in repayments from banks that received bailouts since late last year."
So, not only is he misleading people into thinking the money came only from private instruments to repay, but he doesn't even explore the fact that now that the gubment has some of the cash, they want to doll it out ALL OVER AGAIN.
Yikes.