tag:blogger.com,1999:blog-53246864840716464.post7280087406481247851..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: I-N-S-O-L-V-E-N-T: Citigroup Was In Debt To The Fed 7 Out Of Every 10 Days From August 2007 Through April 2010Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-53246864840716464.post-55126746074064099682011-08-22T09:41:34.431-07:002011-08-22T09:41:34.431-07:00Very useful article. Thanks.
Seems to me not only...Very useful article. Thanks.<br /><br />Seems to me not only is the Obama administration's extend and pretend policy exactly that, it is not much improving the situation. Just the opposite. The amount of money on hand but not lent out is $1.5 trillion. Obama's contention that extend and pretend will improve the economy, restore investor confidence or save these banks from their insolvency is extremely tenuous.<br /><br />All of this demonstrates both political parties are hand maidens of the too big to fail but virtually insolvent giants. America is an oligarchy of our big corporations. Let's not kid ourselves our political or economic leaders will fix our economy or anything else. <br /><br />If we don't break the oligarchy, we are all screwed indefinitely. I've emailed my senators and congressman as well as Obama that if they don't create millions of private sector jobs ASAP, I won't vote for them in 2012. Suggest anyone who wants a real jobs program do the same.Steve from Cranburyhttps://www.blogger.com/profile/17185664947231603520noreply@blogger.com